(a) The State Highway Commission may issue bonds for the purpose of refunding bonds previously issued pursuant to this subchapter, provided, however, that the total amount of bonds outstanding after the refunding is completed does not exceed the total amount authorized by this subchapter.
(b) Such refunding bonds shall be special obligations of the State of Arkansas, secured as set forth in this subchapter, and shall be secured and sold in accordance with the provisions of this subchapter.
Section: Previous 27-64-202 27-64-203 27-64-204 27-64-205 27-64-206 27-64-207 27-64-208 27-64-209 27-64-210 27-64-211 27-64-212 27-64-213 27-64-214 NextLast modified: November 15, 2016