(a) Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-232-103(a) , including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues. (b) The amount of revenue bonds issued shall be sufficient to pay: (1) The cost of accomplishing the specified purposes; (2) The cost of issuing bonds; (3) The amount necessary for a reserve, if desirable; (4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes. Acts 1971, No. 238, § 2; A.S.A. 1947, § 82-2714. (a) Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-232-103(a) , including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues. (b) The amount of revenue bonds issued shall be sufficient to pay: (1) The cost of accomplishing the specified purposes; (2) The cost of issuing bonds; (3) The amount necessary for a reserve, if desirable; (4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes. Acts 1971, No. 238, § 2; A.S.A. 1947, § 82-2714. (a) Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-232-103(a) , including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues. (b) The amount of revenue bonds issued shall be sufficient to pay: (1) The cost of accomplishing the specified purposes; (2) The cost of issuing bonds; (3) The amount necessary for a reserve, if desirable; (4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes. Acts 1971, No. 238, § 2; A.S.A. 1947, § 82-2714. (a) Counties and municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-232-103(a) , including the proceeds of revenue bonds issued under the authority of this chapter, either alone or together with other available funds and revenues. (b) The amount of revenue bonds issued shall be sufficient to pay: (1) The cost of accomplishing the specified purposes; (2) The cost of issuing bonds; (3) The amount necessary for a reserve, if desirable; (4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes. (1) The cost of accomplishing the specified purposes; (2) The cost of issuing bonds; (3) The amount necessary for a reserve, if desirable; (4) The amount necessary to provide for debt service on bonds until revenues for the payment thereof are available; and (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes. Acts 1971, No. 238, § 2; A.S.A. 1947, § 82-2714.
‹ Prev All Arkansas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.