Arkansas § 15-5-1807 Refunding bonds

Arkansas Statutes

§ 15-5-1807 — Refunding bonds

Arkansas § 15-5-1807

Title15

This text of Arkansas § 15-5-1807 (Refunding bonds) 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. § 15-5-1807 (2026).

Text

(a)The Arkansas Development Finance Authority may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this subchapter and any accrued interest on those bonds.

(b)The authority may:

(1)Sell the refunding bonds and use the proceeds to retire the outstanding bonds issued under this subchapter;

(2)Exchange the refunding bonds for the outstanding bonds; and (3) Refund the bonds in the manner provided by any other applicable statute.

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(a) The Arkansas Development Finance Authority may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this subchapter and any accrued interest on those bonds. (b) The authority may: (1) Sell the refunding bonds and use the proceeds to retire the outstanding bonds issued under this subchapter; (2) Exchange the refunding bonds for the outstanding bonds; and (3) Refund the bonds in the manner provided by any other applicable statute.