(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 general obligations of the State of Arkansas and shall be secured and sold in accordance with the provisions of this subchapter.
Section: Previous 27-64-502 27-64-503 27-64-504 27-64-505 27-64-506 27-64-507 27-64-508 27-64-509 27-64-510 27-64-511 27-64-512 27-64-513 27-64-514 NextLast modified: November 15, 2016