Bonds may be issued for the purpose of refunding any bonds issued under this chapter. Refunding bonds may be either sold or delivered in exchange for the bonds being refunded. If sold, the proceeds may be either applied to payment of the bonds being refunded or deposited in trust and applied as provided by § 19-9-301.
Structure Arkansas Code
Subtitle 13 - Public Utility Improvement Districts
Chapter 217 - General Consolidated Public Utility System Improvement Districts
§ 14-217-102. Purpose of chapter
§ 14-217-104. Application and construction of chapter
§ 14-217-105. Creation of consolidated utility districts — Petition — Notice of hearing
§ 14-217-106. General powers and purposes of districts
§ 14-217-108. Location of consolidated system
§ 14-217-109. Payment of costs — Authority to use funds and revenues and to issue bonds
§ 14-217-111. Bonds — Mortgage lien
§ 14-217-112. Bonds — Default — Receiver