Arkansas Code Title 15, Subtitle 1, Chapter 4, Subchapter 7 - Industrial Development Guaranty Bond Act

• § 15-4-701 - Title.
  This subchapter shall be known and may be cited as the "Industrial Development Guaranty Bond Act".
• § 15-4-702 - Authority to Use Arkansas Economic Development Council Moneys If Account is Insufficient.
  If the Arkansas Economic Development Council shall at any time determine that the moneys in the Revenue Bond Guaranty Reserve Account, sometimes referred to...
• § 15-4-703 - Authority to Issue Bonds -- Arkansas Economic Development Council Determinations.
  (a) If at the time there are no other available moneys to meet the then-present or reasonably projected obligations of the Revenue Bond Guaranty...
• § 15-4-704 - Authorizing Resolution -- Bond Issuance, Form, and Contents.
  (a) The bonds shall be authorized by resolution of the Arkansas Economic Development Council.(b) The bonds may be issued at one (1) time or...
• § 15-4-705 - Trust Indenture.
  (a) The resolution authorizing the issuance of bonds may provide for the execution of a trust indenture by the Arkansas Economic Development Council with...
• § 15-4-706 - Execution and Delivery of Bonds.
  (a) The bonds shall be executed by the facsimile signature of the Chair of the Arkansas Economic Development Council and by the manual signature...
• § 15-4-707 - Temporary Notes or Bonds.
  Temporary notes or bonds conforming generally to the provisions of this subchapter, exchangeable for definitive bonds, may be issued in the discretion of the...
• § 15-4-708 - Sale of Bonds.
  (a) The bonds shall be sold at public sale on sealed bids.(b) Notice of the sale shall be published one (1) time a week...
• § 15-4-709 - Arkansas Economic Development Council Obligations -- Deposit of Revenues and Net Proceeds.
  (a) All bonds issued under this subchapter shall be obligations of the Arkansas Economic Development Council only and shall not be obligations of the...
• § 15-4-710 - Notice to State Board of Finance -- Disposition of Bond Debt Service Amount.
  (a) The Arkansas Economic Development Council shall notify the State Board of Finance or the appropriate officer, board, or agency then having jurisdiction over...

Last modified: November 15, 2016