(a) The board of trustees has the power to and is authorized to refinance, in whole or in part, from time to time, its valid outstanding obligations issued under this subchapter and any amendments hereto.
(b)
(1) To that end, the board of trustees may issue refunding bonds.
(2) This power may be exercised successively, and any obligations which have once been refunded may thereafter from time to time be refunded.
(3) Refunding bonds shall be issued in the same manner as provided in this subchapter for original obligations.
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