The State Highway Commission is further authorized to invest portions of the proceeds from the sale of such bonds as in its judgment may not be required for immediate use in direct general obligations of the United States or of the State of Arkansas.
Structure Arkansas Code
Subtitle 6 - Bridges And Ferries
Chapter 88 - Bonds For Construction And Operation
§ 27-88-101. Liberal construction
§ 27-88-103. Scope of authority
§ 27-88-104. Authority to issue bonds — Use of funds
§ 27-88-106. Redemption before maturity
§ 27-88-109. No right arises until issuance and sale
§ 27-88-110. Investment of proceeds from sale
§ 27-88-111. Temporary notes or bonds
§ 27-88-112. Notes and bonds as negotiable instruments
§ 27-88-114. Sinking fund for payment of bonds
§ 27-88-115. Operation and maintenance fund
§ 27-88-116. Tolls, rates, and fees
§ 27-88-117. Bonds payable solely from bridge or ferry revenues
§ 27-88-118. Additional bond issues — Equality
§ 27-88-119. Contracts with United States or other states