Bonds issued under this subchapter shall be issued to finance on a temporary or permanent basis or to develop one (1) or more public school academic facility projects, and the proceeds of the bonds shall be applied to the payment of public school academic facility project costs, the costs and expenses of issuance of the bonds, the repayment of indebtedness incurred to pay public school academic facility project costs, or for refunding of bonds as provided in § 6-20-2613.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 26 - Arkansas Public School Academic Facilities Financing Act of 2007
§ 6-20-2603. Authority to issue bonds
§ 6-20-2604. Terms and characteristics of bonds
§ 6-20-2606. Resolutions and trust indentures
§ 6-20-2607. Form of bond — Signatures
§ 6-20-2609. Proceeds of bonds
§ 6-20-2610. Full faith and credit of state pledged to repay bonds
§ 6-20-2611. Payment of debt service on the bonds
§ 6-20-2612. Bonds exempt from state, county, and municipal taxes
§ 6-20-2614. Additional powers of the commission
§ 6-20-2615. No impairment of bond obligations
§ 6-20-2616. No obligations until bonds issued
§ 6-20-2618. Effect of election
§ 6-20-2619. No waiver of previous authority to issue bonds
§ 6-20-2621. Cases involving bonds