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27-64-404. Authorization — Purposes.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-64-404. Authorization — Purposes.
The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds from time to time provided that the total principal amount outstanding from the issuance of the bonds, together with the total principal amount outstanding from the issuance of bonds pursuant to Arkansas Highway Financing Act of 1999, § 27-64-201 et seq., shall not, at any time, exceed five hundred seventy-five million dollars ($575,000,000). The bonds will be issued in one (1) or more series of various principal amounts with the last series being issued no later than December 31, 2015. The bonds shall be issued for the following purposes:
(1) Accelerating interstate highway improvement projects already underway or scheduled;
(2) Funding new interstate highway improvement projects;
(3) Financing the restoration, reconstruction, and renovation of interstate 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) · 27-64-404
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:27-64-404
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2a1b6e95ba7028f514a922c9037f9a46b9805989c53742bfce88fd71374187bd
Source location: content.xml paragraph 21007
Stored source content
27-64-404. Authorization — Purposes.
The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds from time to time provided that the total principal amount outstanding from the issuance of the bonds, together with the total principal amount outstanding from the issuance of bonds pursuant to Arkansas Highway Financing Act of 1999, § 27-64-201 et seq., shall not, at any time, exceed five hundred seventy-five million dollars ($575,000,000). The bonds will be issued in one (1) or more series of various principal amounts with the last series being issued no later than December 31, 2015. The bonds shall be issued for the following purposes:
(1) Accelerating interstate highway improvement projects already underway or scheduled;
(2) Funding new interstate highway improvement projects;
(3) Financing the restoration, reconstruction, and renovation of interstate 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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Arkansas Code — all titles (historical 2020) · legal_authorities
27-64-201. Title.
This subchapter may be referred to and cited as the “Arkansas Highway Financing Act of 1999”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-64-201
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. The source passage cites 27-64-201. This identifies an authority to review, not proof of applicability.