Arkansas § 27-64-204 Authorization - Purposes

Arkansas Statutes

§ 27-64-204 — Authorization - Purposes

Arkansas § 27-64-204

Title27

This text of Arkansas § 27-64-204 (Authorization - Purposes) 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. § 27-64-204 (2026).

Text

The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds to be known as State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds in a total principal amount not to exceed five hundred seventy-five million dollars ($575,000,000) for the purpose of:

(1)Accelerating certain highway improvement projects already underway or scheduled;

(2)Funding new highway improvement projects;

(3)Financing the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and (4) Paying the costs of issuance of the bonds, including the costs of bond issuance or other credit enhancement.

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The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds to be known as State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds in a total principal amount not to exceed five hundred seventy-five million dollars ($575,000,000) for the purpose of: (1) Accelerating certain highway improvement projects already underway or scheduled; (2) Funding new highway improvement projects; (3) Financing the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and (4) Paying the costs of issuance of the bonds, including the costs of bond issuance or other credit enhancement.