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27-64-204. Authorization — Purposes.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-64-204. Authorization — Purposes.
The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds to be known as State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds in a total principal amount not to exceed five hundred seventy-five million dollars ($575,000,000) for the purpose of:
(1) Accelerating certain highway improvement projects already underway or scheduled;
(2) Funding new highway improvement projects;
(3) Financing the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and
(4) Paying the costs of issuance of the bonds, including the costs of bond issuance or other credit enhancement.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-64-204
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:27-64-204
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 022a5c66f38d9c1c2d070ab9c43b93c4eaa0726b2f3cd4855ac8604e9b13b780
Source location: content.xml paragraph 20702
Stored source content
27-64-204. Authorization — Purposes.
The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds to be known as State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds in a total principal amount not to exceed five hundred seventy-five million dollars ($575,000,000) for the purpose of:
(1) Accelerating certain highway improvement projects already underway or scheduled;
(2) Funding new highway improvement projects;
(3) Financing the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and
(4) Paying the costs of issuance of the bonds, including the costs of bond issuance or other credit enhancement.
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