Arkansas § 14-186-305 Funding of facilities

Arkansas Statutes

§ 14-186-305 — Funding of facilities

Arkansas § 14-186-305

Title14

This text of Arkansas § 14-186-305 (Funding of facilities) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 14-186-305 (2026).

Text

(a)Municipalities are authorized to use any available revenues for the accomplishment of the purposes and the implementation of the powers authorized by this subchapter, including the proceeds of revenue bonds issued from time to time pursuant to the provisions of this subchapter, either alone or together with other available funds and revenues.

(b)The amount of each issue of bonds issued may be sufficient to pay:

(1)The costs of accomplishing the purposes for which it is being issued;

(2)The cost of issuing the bonds;

(3)The amount necessary for a reserve if it is determined to be desirable in favorably marketing the bonds;

(4)The amount, if any, necessary to provide for debt service on the bonds until revenues for the payment of them are available; and (5) Any other costs and expen

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(a) Municipalities are authorized to use any available revenues for the accomplishment of the purposes and the implementation of the powers authorized by this subchapter, including the proceeds of revenue bonds issued from time to time pursuant to the provisions of this subchapter, either alone or together with other available funds and revenues. (b) The amount of each issue of bonds issued may be sufficient to pay: (1) The costs of accomplishing the purposes for which it is being issued; (2) The cost of issuing the bonds; (3) The amount necessary for a reserve if it is determined to be desirable in favorably marketing the bonds; (4) The amount, if any, necessary to provide for debt service on the bonds until revenues for the payment of them are available; and (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.

Legislative History

Acts 1937, No. 231, § 3; Pope's Dig., § 9709; Acts 1947, No. 189, § 3; 1967, No. 69, § 1; 1970 (Ex. Sess.), No. 54, § 1; 1973, No. 87, § 2; A.S.A. 1947, § 19-2704.