For purposes of compliance with the Mortgage Subsidy Bond Tax Act of 1980, the General Assembly finds and declares that the Arkansas Development Finance Authority shall be the exclusive issuer of mortgage bonds as defined in the Mortgage Subsidy Bond Tax Act of 1980, and the authority shall receive the entire allocation to the state in principal amount of bonds to be issued annually.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 3 - Arkansas Development Finance Authority Act — Bonds
§ 15-5-301. Power to issue bonds
§ 15-5-302. Underwriters and experts
§ 15-5-303. Exclusive issuer of revenue bonds for public facilities
§ 15-5-304. Exclusive issuer of mortgage bonds
§ 15-5-305. Authorized investors
§ 15-5-307. Request to issue certain bonds
§ 15-5-308. Notice of issue — Disapproval
§ 15-5-309. Authorizing resolution and trust indenture — Terms and qualities of bonds
§ 15-5-312. Statement on face of bond — Security
§ 15-5-313. Pledge valid and binding — Lien
§ 15-5-315. Securing deposit of public funds
§ 15-5-316. No personal liability
§ 15-5-317. Power to enter into an interest rate exchange agreement or similar agreement or contract