Bonds may be sold to be delivered and paid for in installments estimated to be as funds will be needed by the school district; but if sold on such terms, they shall be plainly stated in the advertisement of the sale, so that all bidders may bid on equal terms.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 12 - District Bonds
§ 6-20-1201. Authority to borrow money and issue negotiable bonds
§ 6-20-1202. Limitations of bonded indebtedness — Conversion of authorized bond issues
§ 6-20-1203. Bonds to comply with existing statutes
§ 6-20-1204. Form of bonds — Security
§ 6-20-1205. Submission of statement before issuing bonds — Approval
§ 6-20-1206. Manner and terms of sale — Maximum rate of interest
§ 6-20-1207. Delivery and payment in installments
§ 6-20-1208. Delivery of bonds upon payment in cash — Registration and recording
§ 6-20-1209. Debt service fund — Establishment and purpose
§ 6-20-1210. Debt service fund — Use
§ 6-20-1211. Tax records — Separate debt service fund records
§ 6-20-1212. Resolution setting priority in case of default
§ 6-20-1213. Duty to pay on maturity — Effect of failure
§ 6-20-1214. Obligations on district dissolution
§ 6-20-1215. Approval of bond issues
§ 6-20-1216. Refunding bonds — Authority to use
§ 6-20-1218. Refunding bonds — Maximum amounts — Conversion and sale
§ 6-20-1219. Record of bond issues
§ 6-20-1220. Refunding bonds — Issuance with election — Validation
§ 6-20-1222. Sale of school property securing deed of trust — Release of lien
§ 6-20-1223. Refunding bonds — Issuance without election
§ 6-20-1224. Payment in full — Endorsement and certificate
§ 6-20-1225. Certificates of indebtedness
§ 6-20-1226. Advancements for bond payments by county treasurer before settlement date
§ 6-20-1229. Issuance of second-lien commercial bonds — Definitions