Arkansas Statutes
§ 6-20-1010 — Deposit of proceeds
Arkansas·Title 6
(a)The proceeds of the sale of the bonds of any issue or series shall be deposited into the State Board Certificate Revolving Loan Account created pursuant to § 6-20-907 .
(b)The proceeds shall not be deposited into the Revolving Loan Fund, and none of the pledged obligations identified in § 6-20-1011 shall be held by the Treasurer of State or be considered to have been purchased or to be owned by the State Board of Education for any purpose of Acts 1963, No. 443, as amended.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 6-20-1010 (Deposit of proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1973, No. 59, § 3; 1979, No. 541, § 4; A.S.A. 1947, § 80-968.