Arkansas Code Title 14. Local Government § 14-269-105. Issuance of bonds--Authority--Amount

(a) Municipalities are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-269-103, and are authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes set forth in § 14-269-103, either alone or together with other available funds and revenues.

(b) The amount of bonds issued shall be sufficient to pay the cost of accomplishing the specified purposes, the cost of issuing the bonds, the amount necessary for a reserve, if desirable, the amount necessary to provide for debt service on the bonds until revenues for the payment thereof are available, and any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.