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Arkansas Code Title 19. Public Finance § 19-9-204. Retirement--Unmatured state obligations

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

(a) Whenever appropriations and funds are available, the State Board of Finance is authorized and empowered to purchase direct obligations of this state in advance of maturity for the purpose of retirement under the procedure set forth in this subchapter.

(b) All obligations purchased as prescribed, and the unmatured interest coupons attached thereto, shall be cancelled by perforation.

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Cite this article: FindLaw.com - Arkansas Code Title 19. Public Finance § 19-9-204. Retirement--Unmatured state obligations - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-19-public-finance/ar-code-sect-19-9-204/

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