The total principal amount of bonds outstanding under this subchapter and under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq., shall not have combined scheduled debt service payments in excess of twenty-four million dollars ($24,000,000) in any one (1) fiscal year.
Structure Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 62 - Property and Finances of State Institutions
Subchapter 11 - Higher Education Technology and Facility Improvement
§ 6-62-1102. Legislative findings
§ 6-62-1105. Authorization — Purposes
§ 6-62-1106. Bonds — Debt service limitation
§ 6-62-1107. Projects to be financed
§ 6-62-1109. Procedure for issuing bonds
§ 6-62-1112. Transfer of funds for debt service
§ 6-62-1113. Sources of repayment
§ 6-62-1114. Deposit and investment of proceeds
§ 6-62-1115. Use of bond proceeds
§ 6-62-1118. Employment of professionals
§ 6-62-1120. Rights and liabilities — Enforcement