(a) The Arkansas Development Finance Authority shall prepare and distribute to the Governor a report that shall contain a plan for repaying the federal Unemployment Trust Fund debt and the estimated time and cost to repay the debt.
(b) Upon receipt of the report described in subsection (a) of this section, the Governor shall, if the Governor deems it to be in the public interest, by proclamation call an election on the question of issuing the bonds.
Structure Arkansas Code
Title 11 - Labor and Industrial Relations
Chapter 10 - Division of Workforce Services Law
Subchapter 10 - Unemployment Trust Fund Financing Act of 2011
§ 11-10-1002. Legislative findings and intent
§ 11-10-1004. Authorization — Purposes
§ 11-10-1005. Governor’s proclamation
§ 11-10-1007. Procedure for issuing Arkansas Unemployment Trust Fund Bonds
§ 11-10-1010. Employment of professionals
§ 11-10-1011. Sources of repayment
§ 11-10-1012. Investment of proceeds
§ 11-10-1016. Bonds — Rights and liabilities — Enforcement
§ 11-10-1017. Unemployment obligation assessment
§ 11-10-1018. Division of Workforce Services — Bond Financing Trust Fund