Bonds issued under this subchapter shall be issued to finance on a temporary or permanent basis or to refinance and develop one (1) or more projects, and the proceeds of the bonds shall be applied to the payment of project costs and the costs and expenses of issuance of the bonds, or in connection with a project refinancing, the repayment of indebtedness incurred to pay project costs, or for refunding of bonds as provided in § 15-20-1313.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 2 - Land and Water Resources Generally
Chapter 20 - General Provisions
§ 15-20-1303. Authority to issue bonds
§ 15-20-1304. Terms and characteristics of bonds
§ 15-20-1305. Purpose of bonds
§ 15-20-1306. Resolutions and trust indentures
§ 15-20-1307. Form of bond — Signatures
§ 15-20-1309. Proceeds of bonds
§ 15-20-1310. Full faith and credit of state pledged to repay bonds
§ 15-20-1311. Payment of debt service on the bonds
§ 15-20-1312. Bonds exempt from state, county, and municipal taxes
§ 15-20-1314. Additional powers of the Arkansas Natural Resources Commission
§ 15-20-1315. No impairment of bond obligations
§ 15-20-1316. No obligations until bonds issued
§ 15-20-1317. No impairment of outstanding bonds
§ 15-20-1319. Effect of election
§ 15-20-1320. No waiver of previous authority to issue bonds