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Arkansas Code Title 27. Transportation § 27-76-610. Interim bonds

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

(a) Before issuing definitive bonds, a regional mobility authority may issue interim bonds with or without coupons exchangeable for definitive bonds.

(b) The interim bonds may be authorized and issued in accordance with this chapter without regard to a requirement, restriction, or procedural provision in any other law.

(c)(1) A bond resolution authorizing interim bonds may provide that the interim bonds recite that the bonds are issued under this chapter.

(2) The recital is conclusive evidence of the validity and the regularity of the interim bonds' issuance.

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Cite this article: FindLaw.com - Arkansas Code Title 27. Transportation § 27-76-610. Interim bonds - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-27-transportation/ar-code-sect-27-76-610/

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