Arkansas § 14-232-104 Revenue bonds - Power to issue - Amount

Arkansas Statutes

§ 14-232-104 — Revenue bonds - Power to issue - Amount

Arkansas § 14-232-104

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This text of Arkansas § 14-232-104 (Revenue bonds - Power to issue - Amount) 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. § 14-232-104 (2026).

Text

(a)Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-232-103(a) , including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues.

(b)The amount of revenue bonds issued shall be sufficient to pay:

(1)The cost of accomplishing the specified purposes;

(2)The cost of issuing bonds;

(3)The amount necessary for a reserve, if desirable;

(4)The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.

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(a) Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-232-103(a) , including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues. (b) The amount of revenue bonds issued shall be sufficient to pay: (1) The cost of accomplishing the specified purposes; (2) The cost of issuing bonds; (3) The amount necessary for a reserve, if desirable; (4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.