The Arkansas Natural Resources Commission is authorized to issue bonds of the State of Arkansas, to be known as “State Water Resources Development General Obligation Bonds”. For the purposes set forth in this subchapter, the total principal amount of the bonds shall not exceed one hundred million dollars ($100,000,000).
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 2 - Land and Water Resources Generally
Subchapter 6 - Arkansas Water Resources Development Act of 1981
§ 15-22-604. Powers of commission
§ 15-22-605. Water resources development bonds — Authority to issue
§ 15-22-606. Bonds — Principal amount
§ 15-22-607. Bonds — Approval of Governor
§ 15-22-608. Bonds — Purpose of issuance and application of proceeds
§ 15-22-610. Bonds — Individual series
§ 15-22-611. Bonds — Authorizing resolution, trust indenture, and selection of projects
§ 15-22-612. Bonds — Execution and delivery
§ 15-22-613. Bonds — Sale after notice
§ 15-22-614. Deposit of revenues — Trust funds
§ 15-22-615. Bonds as general obligations of state — Pledge of revenues
§ 15-22-616. Payment of debt service — Transfer and use of funds
§ 15-22-617. Tax exemption — Legal investment
§ 15-22-618. Contract not to be impaired — Remedies of bondholder
§ 15-22-619. Creation of rights
§ 15-22-620. Deposit of proceeds of sale of bonds