The bonds:
(1) May be issued in the form of coupon bonds, payable to bearer, or as bonds registered as to principal only with interest coupons, or as bonds registered as to both principal and interest without coupons;
(2) May be in such denominations;
(3) May be made exchangeable for bonds of another form or denomination, bearing the same rate of interest and date of maturity;
(4) May be made payable as to principal and interest at such places within or without the state;
(5) May be made subject to redemption prior to maturity in such manner and for such redemption prices; and
(6) May contain such other terms and conditions all as the Arkansas Development Finance Authority shall determine.
Structure Arkansas Code
Subtitle 5 - Postsecondary and Higher Education Generally
Chapter 62 - Property and Finances of State Institutions
Subchapter 7 - Arkansas College Savings Bond Act
§ 6-62-702. Legislative findings and declaration of public necessity
§ 6-62-706. Financial resources or financial aid or assistance
§ 6-62-707. Bonds — Authorization — Amount outstanding
§ 6-62-708. Bonds — Principal amount
§ 6-62-710. Bonds — Financial incentives
§ 6-62-712. Bonds — Terms and conditions generally
§ 6-62-713. Bonds — Terms and conditions — Series bonds
§ 6-62-714. Bonds — Resolution or trust indenture — Selection of projects
§ 6-62-717. Bonds — Sale — Employment of administrative agents, fiscal agents, and legal counsel
§ 6-62-718. Bonds — General obligations — Pledge of revenues
§ 6-62-719. Bonds — Payment — Bond fund — Debt Service Reserve Fund
§ 6-62-720. Bond — Tax exemption — Legal investments
§ 6-62-721. Bonds — Rights and liabilities — Enforcement
§ 6-62-722. Bonds — Rights and liabilities — Commencement
§ 6-62-723. Bonds — Deposit of proceeds
§ 6-62-724. Bonds — Investment and disbursement of funds