Ark. Code Ann. § 15-4-3008
This is the official text of Ark. Code Ann. § 15-4-3008, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Purpose of bonds
Official statutory text
(a) Bonds shall be issued for the purpose of financing superprojects. (b) The proceeds of the bonds shall be applied: (1) To the payment of project costs and the costs and expenses of issuance of the bonds; (2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or (3) For refunding of bonds as provided in this subchapter. Acts 2003, No. 1751, § 8.
(a) Bonds shall be issued for the purpose of financing superprojects.
(b) The proceeds of the bonds shall be applied: (1) To the payment of project costs and the costs and expenses of issuance of the bonds; (2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or (3) For refunding of bonds as provided in this subchapter.
(1) To the payment of project costs and the costs and expenses of issuance of the bonds;
(2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or
(3) For refunding of bonds as provided in this subchapter.
Acts 2003, No. 1751, § 8.
(a) Bonds shall be issued for the purpose of financing superprojects.
(b) The proceeds of the bonds shall be applied: (1) To the payment of project costs and the costs and expenses of issuance of the bonds; (2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or (3) For refunding of bonds as provided in this subchapter.
(1) To the payment of project costs and the costs and expenses of issuance of the bonds;
(2) In connection with a superproject refinancing, to the repayment of indebtedness incurred to pay project costs; or
(3) For refunding of bonds as provided in this subchapter.
Acts 2003, No. 1751, § 8.
Status: in_force
Need a lawyer in Arkansas?
Find a Arkansas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.