(a) This subchapter shall not create any right of any character and no right of any character shall arise under or pursuant to this subchapter until the first series of State of Arkansas Higher Education General Obligation Bonds authorized by this subchapter shall have been sold and delivered.
(b) The issuance of bonds authorized by this subchapter shall not impair or affect any outstanding bonds of the Arkansas Development Finance Authority issued under the Arkansas College Savings Bond Act of 1989, § 6-62-701 et seq.
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