Browse Arkansas Code titles and sections
20-48-503. Authority to issue revenue bonds and use available funds and revenues.
Arkansas Code — all titles (historical 2020) · legal_authorities
20-48-503. Authority to issue revenue bonds and use available funds and revenues.
(a) The Board of Developmental Disabilities Services is authorized to use any available revenues for the accomplishment of the purposes specified and referred to in § 20-48-502 and is authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes, either alone or together with other available funds and revenues.
(b) The amount of bonds issued shall be sufficient to pay all costs and sums required and necessarily incidental to the accomplishment of the specified purposes, all costs incurred in connection with the issuance of the bonds, the amount necessary to cover debt service on the bonds until revenues are available in a sufficient amount therefor, and the amount necessary for a debt service reserve, if deemed desirable.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 20-48-503
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:20-48-503
Source file: gov.ar.code.title.20.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a15ddc3edafc4c217e0d5188d31c50dcf421567452acaec508ecfe795089858d
Source location: content.xml paragraph 28723
Stored source content
20-48-503. Authority to issue revenue bonds and use available funds and revenues.
(a) The Board of Developmental Disabilities Services is authorized to use any available revenues for the accomplishment of the purposes specified and referred to in § 20-48-502 and is authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes, either alone or together with other available funds and revenues.
(b) The amount of bonds issued shall be sufficient to pay all costs and sums required and necessarily incidental to the accomplishment of the specified purposes, all costs incurred in connection with the issuance of the bonds, the amount necessary to cover debt service on the bonds until revenues are available in a sufficient amount therefor, and the amount necessary for a debt service reserve, if deemed desirable.
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Arkansas Code — all titles (historical 2020) · legal_authorities
20-48-502. Authority to acquire properties.
(a) The Board of Developmental Disabilities Services, established and existing pursuant to the provisions of § 20-48-401 et seq., is authorized to own, acquire, construct, reconstruct, extend, equip, improve, maintain, operate, lease, contract concerning, or otherwise deal in and with any lands, improvements, buildings, furniture, furnishings, machinery, and personal property of any and every nature whatever, sometimes called “properties”, that can be used by the board for the accomplishment of, or in connection with the accomplishment of, any of the purposes and powers of the board and of the human development centers as specified by and set forth in § 20-48-401 et seq., or as specified by this subchapter or by any constitutional provision or act.
(b) The properties may be located on or near the present operation of the Conway Human Development Center or at any other location in the State of Arkansas where the board shall undertake operations to discharge its purposes and powers.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 20-48-502
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 20-48-502. This identifies an authority to review, not proof of applicability.