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Arkansas Code Title 14. Local Government § 14-168-316. Redevelopment bonds or notes; Authorizing resolution

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) Redevelopment bonds and notes shall be authorized by ordinance of the local governing body.

(b)(1) The ordinance shall state the name of the redevelopment project district, the amount of bonds or notes authorized, and the interest rate to be borne by the bonds or notes.

(2) The ordinance may prescribe the terms, form, and content of the bonds or notes and such other matters as the local governing body deems useful, or it may include by reference the terms and conditions set forth in a trust indenture or other document securing the redevelopment bonds.

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Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-168-316. Redevelopment bonds or notes; Authorizing resolution - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-168-316/

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