Arkansas Statutes
§ 27-64-412 — Refunding bonds
Arkansas·Title 27
(a)The State Highway Commission may issue bonds for the purpose of refunding bonds previously issued pursuant to this subchapter; provided, however, that such bonds are not issued after December 31, 2015, and that the total amount of bonds outstanding after the refunding is completed does not exceed the total amount authorized by this subchapter.
(b)Such refunding bonds shall be special obligations of the State of Arkansas, secured as set forth herein, and shall be secured and sold in accordance with the provisions of this subchapter.
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Legislative History
Acts 2007, No. 511, § 1; 2009, No. 153, § 3.
Nearby Sections
15
§ 27-1-101
Title§ 27-1-102
Legislative intent§ 27-1-103
Definition§ 27-1-105
Rail service - Powers and duties§ 27-1-107
Rules - Reorganization§ 27-101-1001
Title and purpose§ 27-101-1002
Application, exclusions, and limitations§ 27-101-1003
Registration and titling requirements generally§ 27-101-1004
Application for certificate of title§ 27-101-1005
Lost or damaged certificates§ 27-101-1008
Organization of records