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27-90-208. Sale.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-90-208. Sale.
(a) Bonds issued under this subchapter may be sold at public or private sale, as determined by the State Highway Commission.
(b) If sold at public sale, the bonds shall be sold on electronic or sealed bids, and notice of the sale shall be published once in a newspaper published in the City of Little Rock and having a general circulation throughout the State of Arkansas at least twenty (20) days prior to the date of sale.
(c)(1) In either case, the bonds may be sold at a price as the commission may accept, including sale at a premium or a discount.
(2) In no event shall any bid or price be accepted which results in an interest cost exceeding that permitted by law.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-90-208
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:27-90-208
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9ace966f7993f104222e893ce47f9f73bd7efb0ccc85fdc46e1d56fb382b2392
Source location: content.xml paragraph 27685
Stored source content
27-90-208. Sale.
(a) Bonds issued under this subchapter may be sold at public or private sale, as determined by the State Highway Commission.
(b) If sold at public sale, the bonds shall be sold on electronic or sealed bids, and notice of the sale shall be published once in a newspaper published in the City of Little Rock and having a general circulation throughout the State of Arkansas at least twenty (20) days prior to the date of sale.
(c)(1) In either case, the bonds may be sold at a price as the commission may accept, including sale at a premium or a discount.
(2) In no event shall any bid or price be accepted which results in an interest cost exceeding that permitted by law.
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