(a) The bonds may be sold in such manner, either at public or private sale, and upon such terms as the Arkansas Development Finance Authority shall determine to be reasonable and expedient for effectuating the purposes for which the authority was created.
(b) The bonds may be sold at such price as the authority may accept, including sale at a discount.
(c) It shall be stated on the face of each bond that it has been issued under the provisions of this subchapter.
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 4 - Arkansas Development Finance Authority Bond Guaranty Act of 1985
§ 15-5-402. Legislative findings and declaration of public necessity
§ 15-5-404. Power of authority to grant or deny guaranty bonds
§ 15-5-405. When bonds may be guaranteed
§ 15-5-406. Standards and rules for evaluations
§ 15-5-407. Bond Guaranty Reserve Account — Investment of funds
§ 15-5-408. Evidence to support guaranty — Premium payment
§ 15-5-409. Review of applications
§ 15-5-410. No private right against authority under §§ 15-5-408 and 15-5-409
§ 15-5-412. Guaranty agreement provision
§ 15-5-414. Authority to use money committed to other projects
§ 15-5-415. Issuance of bonds to provide additional moneys
§ 15-5-416. Authorizing resolution
§ 15-5-418. Execution of bonds and coupons — Temporary notes or bonds
§ 15-5-419. Sale of bonds — Statement on face of bond
§ 15-5-420. Obligation of authority — Disposition of proceeds
§ 15-5-421. Bond debt service amount
§ 15-5-422. Moneys for Correction Facilities Construction Fund