(a) The bonds shall be authorized by resolution of the board of trustees of the technical college or the community college.
(b) The authorizing resolution may contain terms, covenants, and conditions that are deemed desirable by the board of trustees, including, without limitation, provisions:
(1) Authorizing the issuance of bonds in series from time to time;
(2) Pertaining to the custody and application of bond proceeds;
(3) Pertaining to the maintenance of various funds and reserves;
(4) Pertaining to the collection, depositing, securing, and disbursing of tax proceeds and other revenues;
(5) Pertaining to the nature and extent of the security; and
(6) Pertaining to the rights, duties, and obligations of the board and the holders and registered owners of the bonds.
Structure Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 61 - Postsecondary Institutions Generally
Subchapter 10 - Technical College and Community College Capital Improvement Act of 1993
§ 6-61-1003. Issuance of bonds
§ 6-61-1004. Authorization of bond issue — Terms of authorizing resolution
§ 6-61-1005. Additional terms of authorizing resolution
§ 6-61-1006. Signature on bonds
§ 6-61-1007. Interest on bonds
§ 6-61-1010. Authority of Arkansas Higher Education Coordinating Board
§ 6-61-1011. Authority of board of trustees — Issuance of bonds
§ 6-61-1012. Authority of board of trustees — Financing a project
§ 6-61-1013. Authority of board of trustees — Refunding bonds
§ 6-61-1014. Authority of board of trustees — Use of available funds