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15-5-1807. Refunding bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
15-5-1807. Refunding bonds.
(a) The Arkansas Development Finance Authority may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this subchapter and any accrued interest on those bonds.
(b) The authority may:
(1) Sell the refunding bonds and use the proceeds to retire the outstanding bonds issued under this subchapter;
(2) Exchange the refunding bonds for the outstanding bonds; and
(3) Refund the bonds in the manner provided by any other applicable statute.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-5-1807
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:15-5-1807
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 30d655f519b7667fc55e970fae0d5919f255210e71acccaf075904ba6d5c3238
Source location: content.xml paragraph 9802
Stored source content
15-5-1807. Refunding bonds.
(a) The Arkansas Development Finance Authority may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this subchapter and any accrued interest on those bonds.
(b) The authority may:
(1) Sell the refunding bonds and use the proceeds to retire the outstanding bonds issued under this subchapter;
(2) Exchange the refunding bonds for the outstanding bonds; and
(3) Refund the bonds in the manner provided by any other applicable statute.
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