Arkansas Code Title 14. Local Government § 14-165-204. Bond issuance generally
Current as of January 01, 2020 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(a) Any compact entered into under the provisions of this subchapter may provide that each party to the compact will issue bonds under Arkansas Constitution, Amendment 49, and that all funds obtained by the issuance of the bonds will be used for a joint industrial development project.
(b) Whenever the parties to the compact agree that each shall issue bonds under Arkansas Constitution, Amendment 49, no bonds shall be issued by any party to the compact for use in the joint project unless the voters of each and every party to the compact approve the issuance of bonds.
(c) The parties to the compact shall determine by agreement the portion of the total cost of any project that each party to the compact is to bear.
Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-165-204. Bond issuance generally - last updated January 01, 2020 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-165-204/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?