(a) The bonds may be sold in such manner and at such prices, including sale at discount, as the county jail board, municipal jail board, or public instrumentality jail board may accept.
(b) The proceeds derived from the sale of revenue bonds by the board under the provisions of this subchapter shall be deposited into a board jail fund and shall be used for the purposes of constructing or expanding jails, and for all other expenses incidental to the issuance of the bonds, as authorized in this subchapter.
Structure Arkansas Code
Title 12 - Law Enforcement, Emergency Management, and Military Affairs
Subtitle 3 - Correctional Facilities and Programs
Chapter 41 - Local Correctional Facilities
Subchapter 7 - Jail Boards — Revenue Bonds
§ 12-41-702. Method supplemental
§ 12-41-703. Adoption of ordinance
§ 12-41-705. Bonds — Authority to issue
§ 12-41-706. Bonds — Authorizing resolution
§ 12-41-707. Bonds — Contract between parties — Enforcement
§ 12-41-708. Bonds — Terms and conditions
§ 12-41-709. Bonds — Sale — Disposition of proceeds
§ 12-41-710. Bonds — Coupons — Execution — Seal
§ 12-41-711. Bonds — Liability on
§ 12-41-712. Bonds — Pledge of revenues — Funds
§ 12-41-713. Bonds — Tax exemption
§ 12-41-714. Bonds — Investments by public entities
§ 12-41-715. Fees, costs, etc. — Disposition
§ 12-41-716. Use of board jail fund for supervision and transportation of inmates
§ 12-41-717. Contract with governmental entities — Authority to create boards