Arkansas Code § 14-116-701 - Authority to Borrow Money or Issue Bonds, Etc

The board may borrow money at a rate of interest from any agency of the United States, the state, or any other public or private lending source; may issue promissory notes, negotiable bonds, or other evidences of indebtedness as required by the lender thereof; and may pledge and assign all assessments and revenues relating to the improvement project area for the repayment thereof.

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Last modified: November 15, 2016