This subchapter shall not create any right in any bondholder for bonds issued pursuant to this subchapter, and no right of such bondholders shall arise under it, until bonds authorized by this subchapter, of the initial issue or series, shall have been sold and delivered by the Arkansas Development Finance Authority.
Structure Arkansas Code
Chapter 3 - Public Buildings and Other Facilities
Subchapter 14 - State Agencies Facilities Acquisition Act of 1991
§ 22-3-1408. Required statement on bond — Lien and pledge to secure bonds
§ 22-3-1409. Pledge of revenues to secure bonds
§ 22-3-1410. Contract between Arkansas Development Finance Authority and holders and owners of bonds
§ 22-3-1411. Bonds exempt from tax
§ 22-3-1412. Deposit of bond proceeds
§ 22-3-1414. Bondholder rights
§ 22-3-1415. Supervision and management of buildings and facilities