Browse Arkansas Code titles and sections
27-64-504. Authorization — Purposes.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-64-504. Authorization — Purposes.
(a)(1) Subject to the one-time approval of the voters in a statewide election, the State Highway Commission may issue State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds from time to time if 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 the Arkansas Highway Financing Act of 1999, § 27-64-201 et seq., the Arkansas Interstate Highway Financing Act of 2005, § 27-64-301 et seq., and the Arkansas Interstate Highway Financing Act of 2007, § 27-64-401 et seq., does not at any time exceed one billion one hundred million dollars ($1,100,000,000).
(2) 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, 2017.
(b) The purpose of the bond issuance shall be to:
(1) Accelerate highway improvement projects already underway or scheduled;
(2) Fund new highway improvement projects;
(3) Finance the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and
(4) Pay the costs of issuance of the bonds or other credit enhancement.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-64-504
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:27-64-504
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b4535aadec549e8843b2dd8fcc6c9b6a1b6333c9d74b2381b5609404ea340ae1
Source location: content.xml paragraph 21143
Stored source content
27-64-504. Authorization — Purposes.
(a)(1) Subject to the one-time approval of the voters in a statewide election, the State Highway Commission may issue State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds from time to time if 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 the Arkansas Highway Financing Act of 1999, § 27-64-201 et seq., the Arkansas Interstate Highway Financing Act of 2005, § 27-64-301 et seq., and the Arkansas Interstate Highway Financing Act of 2007, § 27-64-401 et seq., does not at any time exceed one billion one hundred million dollars ($1,100,000,000).
(2) 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, 2017.
(b) The purpose of the bond issuance shall be to:
(1) Accelerate highway improvement projects already underway or scheduled;
(2) Fund new highway improvement projects;
(3) Finance the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and
(4) Pay the costs of issuance of the bonds 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.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-64-301. Title.
This subchapter may be referred to and cited as the “Arkansas Interstate Highway Financing Act of 2005”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-64-301
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 27-64-301. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-64-401. Title.
This subchapter may be referred to and cited as the “Arkansas Interstate Highway Financing Act of 2007”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-64-401
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 27-64-401. This identifies an authority to review, not proof of applicability.