Arkansas Statutes
§ 6-20-1229 — Issuance of second-lien commercial bonds - Definitions
Arkansas·Title 6
(a)As used in this section:
(1)"Issue", "issuance", or some variety thereof means the date upon which a second-lien bond is actually sold; and (2) "Second-lien bond" means a commercial bond issued under the authority set forth in § 26-80-106 .
(b)All second-lien bonds issued by school districts shall have semiannual interest payments.
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Legislative History
Amended by Act 2017, No. 935,§ 2, eff. 8/1/2017. Acts 2001, No. 1220, § 18; 2005, No. 2121, § 15.