Arkansas § 6-61-1013 Authority of board of trustees - Refunding bonds

Arkansas Statutes

§ 6-61-1013 — Authority of board of trustees - Refunding bonds

Arkansas § 6-61-1013

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This text of Arkansas § 6-61-1013 (Authority of board of trustees - Refunding bonds) 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. § 6-61-1013 (2026).

Text

(a)The board of trustees has the power to and is authorized to refinance, in whole or in part, from time to time, its valid outstanding obligations issued under this subchapter and any amendments hereto.

(b)(1) To that end, the board of trustees may issue refunding bonds.

(2)This power may be exercised successively, and any obligations which have once been refunded may thereafter from time to time be refunded.

(3)Refunding bonds shall be issued in the same manner as provided in this subchapter for original obligations.

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(a) The board of trustees has the power to and is authorized to refinance, in whole or in part, from time to time, its valid outstanding obligations issued under this subchapter and any amendments hereto. (b) (1) To that end, the board of trustees may issue refunding bonds. (2) This power may be exercised successively, and any obligations which have once been refunded may thereafter from time to time be refunded. (3) Refunding bonds shall be issued in the same manner as provided in this subchapter for original obligations.