(a) If revenues in the Tobacco Settlement Debt Service Fund are sufficient to meet Debt Services Requirements with regard to additional Tobacco Settlement Revenue Bonds that may be issued in connection with the capital improvement project described in § 19-12-204, then the Arkansas Development Finance Authority shall issue additional Tobacco Settlement Revenue Bonds in accordance with the limitations established in § 19-12-205 to be used for financing a portion of the capital improvement project described in § 19-12-204.
(b) The additional Tobacco Settlement Revenue Bonds shall be issued as set forth under the Tobacco Settlement Proceeds Act, § 19-12-101 et seq., and shall be entitled to the same rights and protections as the Tobacco Settlement Revenue Bonds issued in 2001 under the Tobacco Settlement Proceeds Act, § 19-12-101 et seq.
Structure Arkansas Code
Chapter 12 - Tobacco Settlement Proceeds Act
Subchapter 2 - Tobacco Settlement Revenue Bonds Act of 2006
§ 19-12-202. Legislative findings, intent, and purpose
§ 19-12-203. Applicability of Tobacco Settlement Proceeds Act
§ 19-12-204. Arkansas Cancer Research Center designated as capital improvement project
§ 19-12-205. Additional Tobacco Settlement Revenue Bonds authorized