(a) The Board of Developmental Disabilities Services is authorized to use any available revenues for the accomplishment of the purposes specified and referred to in § 20-48-502 and is authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes, either alone or together with other available funds and revenues.
(b) The amount of bonds issued shall be sufficient to pay all costs and sums required and necessarily incidental to the accomplishment of the specified purposes, all costs incurred in connection with the issuance of the bonds, the amount necessary to cover debt service on the bonds until revenues are available in a sufficient amount therefor, and the amount necessary for a debt service reserve, if deemed desirable.
Structure Arkansas Code
Title 20 - Public Health and Welfare
Chapter 48 - Treatment of Persons With Developmental Disabilities
Subchapter 5 - Human Development Centers — Property and Finances
§ 20-48-501. Liberal construction — Act supplemental
§ 20-48-502. Authority to acquire properties
§ 20-48-503. Authority to issue revenue bonds and use available funds and revenues
§ 20-48-504. Procedure for issuing revenue bonds
§ 20-48-505. Liability of Board of Developmental Disabilities Services for bonds
§ 20-48-506. Nonliability of board members for bonds — Exception
§ 20-48-507. Revenue bonds secured by pledge of gross charges and surplus charges — Definition
§ 20-48-508. Issuance of refunding bonds
§ 20-48-509. Taxation of bonds
§ 20-48-510. Municipalities, boards, commissions, etc., authorized to invest in bonds
§ 20-48-511. Developmental disabilities — Timber sales proceeds — Capital improvements and equipment