Arkansas § 19-9-201 Authority of State Board of Finance

Arkansas Statutes

§ 19-9-201 — Authority of State Board of Finance

Arkansas § 19-9-201

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This text of Arkansas § 19-9-201 (Authority of State Board of Finance) 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. § 19-9-201 (2026).

Text

The State Board of Finance is authorized to:

(1)Take such action as may be provided by law for the issuance of refunding bonds for outstanding obligations to the State of Arkansas;

(2)Issue replacement bonds, either typewritten, printed, or lithographed, for lost, mislaid, destroyed, or stolen bonds of the State of Arkansas in the manner and within the limitations provided by § 19-9-102 ;

(3)Take such action as may appear necessary or desirable to collect any funds which may have been in the hands of paying agents for a period of three (3) years or longer and to invest any funds so collected in the manner provided by §§ 19-9-103 - 19-9-105 ; and (4) Take such other action, not inconsistent with law, as may appear necessary or desirable to:

(A)Retire the direct bonded debt of the State

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The State Board of Finance is authorized to: (1) Take such action as may be provided by law for the issuance of refunding bonds for outstanding obligations to the State of Arkansas; (2) Issue replacement bonds, either typewritten, printed, or lithographed, for lost, mislaid, destroyed, or stolen bonds of the State of Arkansas in the manner and within the limitations provided by § 19-9-102 ; (3) Take such action as may appear necessary or desirable to collect any funds which may have been in the hands of paying agents for a period of three (3) years or longer and to invest any funds so collected in the manner provided by §§ 19-9-103 - 19-9-105 ; and (4) Take such other action, not inconsistent with law, as may appear necessary or desirable to: (A) Retire the direct bonded debt of the State of Arkansas in an orderly manner; (B) Safeguard state funds pledged for the payment of such obligations; and (C) Maintain and improve the credit standing of the State of Arkansas.