The county jail board is authorized and empowered to issue bonds, at one (1) time or in series from time to time, and to use the proceeds thereof, together with any other funds, for financing the cost of construction or expansion of the county jail or jail facilities, together with all expenses incidental to and reasonably necessary in connection therewith, the expenses of the issuance of the bonds, the creating and maintenance of reserves to secure the payment of the bonds, if the board deems it necessary or desirable, and for providing for the payment of the interest on the bonds, if necessary or desirable, until sufficient funds are available therefor out of pledged revenues.
Structure Arkansas Code
Title 12 - Law Enforcement, Emergency Management, and Military Affairs
Subtitle 3 - Correctional Facilities and Programs
Chapter 41 - Local Correctional Facilities
Subchapter 6 - County Jail Revenue Bond Act of 1981
§ 12-41-604. Adoption of ordinance
§ 12-41-605. County jail boards
§ 12-41-606. Bonds — Authority to issue
§ 12-41-607. Bonds — Authorizing resolution
§ 12-41-608. Bonds — Contract between parties — Enforcement
§ 12-41-609. Bonds — Terms and conditions
§ 12-41-611. Bonds — Coupons — Execution — Seal
§ 12-41-612. Bonds — Liability on
§ 12-41-613. Bonds — Pledge of revenues — Funds
§ 12-41-614. Bonds — Tax exemption