Arkansas Code Title 14. Local Government § 14-164-808. Bonds--Issuance generally

(A) The principal amount of bonds to be issued;

(B) The purpose or purposes for which the bonds are to be issued; and

(C) Any other provisions deemed important with respect to the bonds.

(A) The energy cost savings and operating cost savings to be realized over the term of the guaranteed energy cost savings contract meet or exceed the costs of the energy efficiency project; and

(B) If the annual energy or operating cost savings fail to meet or exceed the annual costs of the energy efficiency project as required by the guaranteed energy cost savings contract, the qualified provider shall reimburse the issuer for any shortfall of guaranteed energy cost savings over the term of the guaranteed energy cost savings contract.