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Arkansas Code Title 27. Transportation § 27-64-204. Authorization--Purposes

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

The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds to be known as State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds in a total principal amount not to exceed five hundred seventy-five million dollars ($575,000,000) for the purpose of:

(1) Accelerating certain highway improvement projects already underway or scheduled;

(2) Funding new highway improvement projects;

(3) Financing the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and

(4) Paying the costs of issuance of the bonds, including the costs of bond issuance or other credit enhancement.

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Cite this article: FindLaw.com - Arkansas Code Title 27. Transportation § 27-64-204. Authorization--Purposes - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-27-transportation/ar-code-sect-27-64-204/

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