All State of Arkansas Higher Education General Obligation Bonds issued under this subchapter and interest on the bond proceeds shall be exempt from all state taxes, including income, inheritance, and property taxes. The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.
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