As used in ยงยง 26-51-1201 -- 26-51-1203, "invested" includes expenditures made from the proceeds of bonds, including interim notes or other evidence of indebtedness, issued by a municipality, county, or an agency or instrumentality of a municipality, county, or the State of Arkansas, if the obligation to repay the bonds, including interest on the bonds, is a legal, binding obligation, directly or indirectly, of the taxpayer.
Section: 26-51-1202 26-51-1203 26-51-1211 26-51-1212 26-51-1213 26-51-1214 26-51-1215 NextLast modified: November 15, 2016