Arkansas § 14-201-111 Authority to borrow, issue bonds or notes - Pledge of revenues

Arkansas Statutes

§ 14-201-111 — Authority to borrow, issue bonds or notes - Pledge of revenues

Arkansas § 14-201-111

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This text of Arkansas § 14-201-111 (Authority to borrow, issue bonds or notes - Pledge of revenues) 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. § 14-201-111 (2026).

Text

(a)The commission may borrow money and issue negotiable evidences of debt therefor either in the form of bonds or short-term notes, and it may execute such negotiable notes or bonds to obtain the funds needed to carry out its functions.

(b)The commission may also pledge its revenues including the income from operations, and it may mortgage waterworks or electric system property to secure the payment of money borrowed.

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(a) The commission may borrow money and issue negotiable evidences of debt therefor either in the form of bonds or short-term notes, and it may execute such negotiable notes or bonds to obtain the funds needed to carry out its functions. (b) The commission may also pledge its revenues including the income from operations, and it may mortgage waterworks or electric system property to secure the payment of money borrowed.