(a) The State Highway Commission may issue bonds for the purpose of refunding the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds previously issued pursuant to this subchapter if the total amount of bonds outstanding after the refunding is completed does not exceed the total amount authorized by this subchapter.
(b) The refunding bonds shall be special obligations of the State of Arkansas and shall be secured and sold in accordance with the provisions of this subchapter.
Section: Previous 27-64-302 27-64-303 27-64-304 27-64-305 27-64-306 27-64-307 27-64-308 27-64-309 27-64-310 27-64-311 27-64-312 27-64-313 27-64-314 NextLast modified: November 15, 2016