Arkansas § 14-269-105 Bonds - Authority to issue

Arkansas Statutes

§ 14-269-105 — Bonds - Authority to issue

Arkansas § 14-269-105

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This text of Arkansas § 14-269-105 (Bonds - Authority to issue) 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. § 14-269-105 (2026).

Text

(a)Municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-269-103 , and are authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes set forth in § 14-269-103 , either alone or together with other available funds and revenues.

(b)The amount of bonds issued shall be sufficient to pay the cost of accomplishing the specified purposes, the cost of issuing the bonds, the amount necessary for a reserve, if desirable, the amount necessary to provide for debt service on the bonds until revenues for the payment thereof are available, and any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.

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(a) Municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-269-103 , and are authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes set forth in § 14-269-103 , either alone or together with other available funds and revenues. (b) The amount of bonds issued shall be sufficient to pay the cost of accomplishing the specified purposes, the cost of issuing the bonds, the amount necessary for a reserve, if desirable, the amount necessary to provide for debt service on the bonds until revenues for the payment thereof are available, and any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.