Ark. Code Ann. § 15-4-602
This is the official text of Ark. Code Ann. § 15-4-602, 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.
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Definitions
Official statutory text
As used in this subchapter: (1) "Act No. 9 bonds" means revenue bonds issued in accordance with the provisions of the Municipalities and Counties Industrial Development Revenue Bond Law, § 14-164-201 et seq.; (2) "ADFA bonds" means revenue bonds and direct loans, including bond anticipation loans, issued by the Arkansas Development Finance Authority in accordance with the Arkansas Development Finance Authority Act, §§ 15-5-101 - 15-5-106 , 15-5-201 - 15-5-211 , 15-5-213 , and 15-5-301 - 15-5-316 ; (3) "Amortization payments" means periodic, which may be monthly, semiannual, annual, etc., payments of interest, and payments of principal, whether the principal is payable in installments or otherwise, including principal required to be prepaid upon the happening of certain events, as required by an Act No. 9 bond or Arkansas Development Finance Authority indenture or resolution; and (4) "User" means the lessee or other principal user of the industrial project to be financed, in whole or in part, with the proceeds of Act No. 9 bonds or ADFA bonds. Acts 1967, No. 173, § 2; A.S.A. 1947 § 9-560; Acts 1987 (1st Ex. Sess.), No. 39, § 1; 1997, No. 778, § 1; 2001, No. 1032, § 1.
As used in this subchapter:
(1) "Act No. 9 bonds" means revenue bonds issued in accordance with the provisions of the Municipalities and Counties Industrial Development Revenue Bond Law, § 14-164-201 et seq.;
(2) "ADFA bonds" means revenue bonds and direct loans, including bond anticipation loans, issued by the Arkansas Development Finance Authority in accordance with the Arkansas Development Finance Authority Act, §§ 15-5-101 - 15-5-106 , 15-5-201 - 15-5-211 , 15-5-213 , and 15-5-301 - 15-5-316 ;
(3) "Amortization payments" means periodic, which may be monthly, semiannual, annual, etc., payments of interest, and payments of principal, whether the principal is payable in installments or otherwise, including principal required to be prepaid upon the happening of certain events, as required by an Act No. 9 bond or Arkansas Development Finance Authority indenture or resolution; and
(4) "User" means the lessee or other principal user of the industrial project to be financed, in whole or in part, with the proceeds of Act No. 9 bonds or ADFA bonds.
Acts 1967, No. 173, § 2; A.S.A. 1947 § 9-560; Acts 1987 (1st Ex. Sess.), No. 39, § 1; 1997, No. 778, § 1; 2001, No. 1032, § 1.
As used in this subchapter:
(1) "Act No. 9 bonds" means revenue bonds issued in accordance with the provisions of the Municipalities and Counties Industrial Development Revenue Bond Law, § 14-164-201 et seq.;
(2) "ADFA bonds" means revenue bonds and direct loans, including bond anticipation loans, issued by the Arkansas Development Finance Authority in accordance with the Arkansas Development Finance Authority Act, §§ 15-5-101 - 15-5-106 , 15-5-201 - 15-5-211 , 15-5-213 , and 15-5-301 - 15-5-316 ;
(3) "Amortization payments" means periodic, which may be monthly, semiannual, annual, etc., payments of interest, and payments of principal, whether the principal is payable in installments or otherwise, including principal required to be prepaid upon the happening of certain events, as required by an Act No. 9 bond or Arkansas Development Finance Authority indenture or resolution; and
(4) "User" means the lessee or other principal user of the industrial project to be financed, in whole or in part, with the proceeds of Act No. 9 bonds or ADFA bonds.
Acts 1967, No. 173, § 2; A.S.A. 1947 § 9-560; Acts 1987 (1st Ex. Sess.), No. 39, § 1; 1997, No. 778, § 1; 2001, No. 1032, § 1.
Status: in_force
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