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8-6-713. Restriction on local government bonds and pledges.
Arkansas Code — all titles (historical 2020) · legal_authorities
8-6-713. Restriction on local government bonds and pledges.
(a) Unless approved by the regional solid waste management board, no municipality, county, improvement district, or sanitation authority within the regional solid waste management district shall:
(1) Issue any bonds for solid waste management purposes; or
(2) Pledge any revenues derived from solid waste management services for any bond issue.
(b) Notwithstanding the provisions of subsection (a) of this section, no board shall prohibit a municipality or county from issuing revenue bonds or using general obligation bonds when the purpose of such issuance or usage is the funding of a facility or project to process and market recycled materials for use as fuel.
(c) The board shall not impair any existing bond issue or other financial obligation of a municipality, county, improvement district, or sanitation authority.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 8-6-713
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:8-6-713
Source file: gov.ar.code.title.08.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 961a5c6e83362f206b2a7c1f28f7ee55ce658dc01eee2a0f8e7843449eb78a6c
Source location: content.xml paragraph 5126
Stored source content
8-6-713. Restriction on local government bonds and pledges.
(a) Unless approved by the regional solid waste management board, no municipality, county, improvement district, or sanitation authority within the regional solid waste management district shall:
(1) Issue any bonds for solid waste management purposes; or
(2) Pledge any revenues derived from solid waste management services for any bond issue.
(b) Notwithstanding the provisions of subsection (a) of this section, no board shall prohibit a municipality or county from issuing revenue bonds or using general obligation bonds when the purpose of such issuance or usage is the funding of a facility or project to process and market recycled materials for use as fuel.
(c) The board shall not impair any existing bond issue or other financial obligation of a municipality, county, improvement district, or sanitation authority.
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