Arkansas Statutes
§ 15-4-3008 — Purpose of bonds
Arkansas·Title 15
(a)Bonds shall be issued for the purpose of financing superprojects.
(b)The proceeds of the bonds shall be applied:
(1)To the payment of project costs and the costs and expenses of issuance of the bonds;
(2)In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or (3) For refunding of bonds as provided in this subchapter.
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Legislative History
Acts 2003, No. 1751, § 8.
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
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