Arkansas Statutes
§ 22-3-1412 — Deposit of bond proceeds
Arkansas·Title 22
(a)The Arkansas Development Finance Authority shall include necessary provisions in the authorizing resolution or trust indenture to provide for the deposit of the proceeds of the bonds pursuant to the provisions of § 15-5-209 .
(b)The authority may create and establish one (1) or more special funds in such depositories and make such investment as it may designate to provide for the construction, secure the bonds, establish reserves, and fund other necessary functions or activities authorized by this subchapter.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 22-3-1412 (Deposit of bond proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1991, No. 1173, § 10.
Nearby Sections
15
§ 22-1-201
Roads and parks§ 22-1-202
Municipal waterworks lands§ 22-1-206
Property of levee districts - Definition§ 22-10-101
Title§ 22-10-102
Legislative findings - Purpose§ 22-10-103
Definitions§ 22-10-104
Construction - Supplemental nature - Intent§ 22-10-105
Application§ 22-10-201
Responsible public entity§ 22-10-203
Requirements for proposals