Arkansas Code Title 14. Local Government § 14-138-120. Sale of bonds

(1) The costs of any land forming a part of the project;

(2) The costs of the labor, materials, and supplies used in any construction, improvement, and enlargement, including architect's and engineer's fees and the cost of preparing contract documents and advertising for bids;

(3) The purchase price of and the cost of installing equipment for the project;

(4) The cost of landscaping the lands forming a part of the project and of constructing and installing roads, sidewalks, curbs, gutters, utilities, and parking places in connection therewith;

(5) Legal, fiscal, and recording fees and expenses incurred in connection with the authorization, sale, and issuance of the bonds issued in connection with the project;

(6) Interest on bonds for a reasonable period prior to, during, and after the time required for such construction and equipment; and

(7) The amount necessary to fund a debt service reserve of not to exceed one (1) year's principal and interest requirements on the bonds.