Browse Arkansas Code titles and sections
19-9-201. Authority of State Board of Finance.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-9-201. Authority of State Board of Finance.
The State Board of Finance is authorized to:
(1) Take such action as may be provided by law for the issuance of refunding bonds for outstanding obligations to the State of Arkansas;
(2) Issue replacement bonds, either typewritten, printed, or lithographed, for lost, mislaid, destroyed, or stolen bonds of the State of Arkansas in the manner and within the limitations provided by § 19-9-102;
(3) Take such action as may appear necessary or desirable to collect any funds which may have been in the hands of paying agents for a period of three (3) years or longer and to invest any funds so collected in the manner provided by §§ 19-9-103 — 19-9-105; and
(4) Take such other action, not inconsistent with law, as may appear necessary or desirable to:
(A) Retire the direct bonded debt of the State of Arkansas in an orderly manner;
(B) Safeguard state funds pledged for the payment of such obligations; and
(C) Maintain and improve the credit standing of the State of Arkansas.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-9-201
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:19-9-201
Source file: gov.ar.code.title.19.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e229226d74efdf76c4c82090579db0946f65eb778a3983a96e234c093d8b5de0
Source location: content.xml paragraph 13741
Stored source content
19-9-201. Authority of State Board of Finance.
The State Board of Finance is authorized to:
(1) Take such action as may be provided by law for the issuance of refunding bonds for outstanding obligations to the State of Arkansas;
(2) Issue replacement bonds, either typewritten, printed, or lithographed, for lost, mislaid, destroyed, or stolen bonds of the State of Arkansas in the manner and within the limitations provided by § 19-9-102;
(3) Take such action as may appear necessary or desirable to collect any funds which may have been in the hands of paying agents for a period of three (3) years or longer and to invest any funds so collected in the manner provided by §§ 19-9-103 — 19-9-105; and
(4) Take such other action, not inconsistent with law, as may appear necessary or desirable to:
(A) Retire the direct bonded debt of the State of Arkansas in an orderly manner;
(B) Safeguard state funds pledged for the payment of such obligations; and
(C) Maintain and improve the credit standing of the State of Arkansas.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-9-102. Replacement of lost, destroyed, or stolen bonds.
(a) In cases where any valid bond, note, interest coupon, or evidence of indebtedness, hereinafter called “instrument”, issued by the State of Arkansas, or any of its departments, agencies, or political subdivisions, including, but not limited to, school districts and improvement districts of all kinds, becomes lost, mislaid, destroyed, or stolen, the body which issued the instrument, or its successor, shall issue and deliver to the one owning the right, title, and interest to and in the instrument a replacement instrument, but only on the filing with the body of:
(1) An affidavit reciting ownership of all right, title, or interest in and to the lost, mislaid, destroyed, or stolen instrument and giving its name, the name of the board, commission, or body which issued it, the date of maturity, the denomination and number and that of any lost, mislaid, destroyed, or stolen interest coupon appertaining thereto, and briefly describing the circumstance of such loss, mislaying, destruction, or theft; and
(2) A bond in double the face amount of such replacement, including any interest coupons affixed thereto, with a surety company licensed to do business in Arkansas as surety thereon, conditioned that if the principal, the heirs, legal representatives, successors, or assigns of the principal, or any of them, shall, in case the instrument so lost, mislaid, destroyed, or stolen be found or come into the hands or power of any of them, or into the hands, custody, or power of any other person, deliver, or cause it to be delivered unto the obligor for cancellation, and also shall at all times indemnify and save harmless the obligor from and against any and all loss, claims, actions, suits, damages, charges, or expenses
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-9-102
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 19-9-102. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-9-103. Paying agents to remit funds after three years.
(a) Paying agents, with whom the state or any political subdivision of the state has deposited or shall deposit funds for the payment of obligations of the state or of any political subdivision of the state, are required to remit to the Treasurer of State all such funds which have been in their hands for a period of three (3) years.
(b) The Treasurer of State shall invest these funds from paying agents in government or state bonds which he or she shall hold in trust for the holders of the obligations for the payment of which the funds were deposited with the paying agents.
(c) On the presentation to the Treasurer of State of any valid obligation that was payable out of any fund remitted to him or her by a paying agent, the Treasurer of State shall sell the bonds purchased with such fund and redeem the obligation.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-9-103
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 19-9-103. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
19-9-105. Pay until barred.
Every bond issued by the state, or by any political subdivision thereof, shall be paid by the state or by the political subdivision unless it is barred by the statute of limitations.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-9-105
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 19-9-105. This identifies an authority to review, not proof of applicability.