Browse Arkansas Code titles and sections
19-5-976. College Savings Debt Service Reserve Fund.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-5-976. College Savings Debt Service Reserve Fund.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “College Savings Debt Service Reserve Fund”.
(b) The fund shall consist of proceeds from the sale of bonds as issued by the Arkansas Development Finance Authority and revenues derived from any project financed under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., in amounts or portions as set forth in the resolution or trust indenture authorizing or securing such bonds; general revenues; and any other funds made available by the General Assembly; there to be used only to ensure prompt payment of debt service on bonds issued under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., either at maturity or upon redemption prior to maturity, as administered by the Treasurer of State.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-976
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:19-5-976
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3191449bdc36c1ef2f5c15f197856af64c6ca38610b722e21c1b2f989c0aaeb1
Source location: content.xml paragraph 7084
Stored source content
19-5-976. College Savings Debt Service Reserve Fund.
(a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “College Savings Debt Service Reserve Fund”.
(b) The fund shall consist of proceeds from the sale of bonds as issued by the Arkansas Development Finance Authority and revenues derived from any project financed under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., in amounts or portions as set forth in the resolution or trust indenture authorizing or securing such bonds; general revenues; and any other funds made available by the General Assembly; there to be used only to ensure prompt payment of debt service on bonds issued under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., either at maturity or upon redemption prior to maturity, as administered by the Treasurer of State.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
6-62-701. Title.
This subchapter may be referred to and cited as the “Arkansas College Savings Bond Act of 1989”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-62-701
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. The source passage cites 6-62-701. This identifies an authority to review, not proof of applicability.