Home/Arkansas/Statutes/Title: 14/§ 14-92-308
Arkansas Statutes

§ 14-92-308 — Use of net revenues

Arkansas·Title 14
(a)The net revenues from a joint operation shall be used first to pay the principal and interest as they mature of revenue bonds issued under this subchapter.
(b)Any remaining net revenues may be used to provide funds or pay bonds and interest issued for improvements, extensions, and betterments.

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Legislative History

Acts 1959, No. 262, § 5; A.S.A. 1947, § 20-736.

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