Arkansas Statutes
§ 15-22-513 — Use of appropriated funds
Arkansas·Title 15
(a)In addition to being available for use in the operation of the Arkansas Natural Resources Commission for current water development project costs and for such other and additional purposes as provided for by law, appropriated funds for the maintenance of the commission may be used in the discretion of the commission for meeting the debt service requirements of outstanding revenue bonds issued by the commission including the retirement thereof in advance of maturity by call or purchase on tender.
(b)However, no tax moneys appropriated for maintenance of the commission may be pledged, as distinguished from used, to meet the debt service requirements of any revenue bonds issued by the commission.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 15-22-513 (Use of appropriated funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1969, No. 217, § 15; A.S.A. 1947, § 21-1330; Acts 2003, No. 598, § 3.
Nearby Sections
15
§ 15-1-101
Economic Advisor§ 15-10-201
Title§ 15-10-202
Declaration of policy§ 15-10-203
Arkansas Energy Office - Creation§ 15-10-204
Arkansas Energy Office - Director§ 15-10-301
Declaration of policy§ 15-10-302
Definitions§ 15-10-303
License or permit requirement§ 15-10-304
Studying the need for changes in law