(a) Bonds issued under this subchapter may be sold at public or private sale, as determined by the State Highway Commission.
(b) If sold at public sale, the bonds shall be sold on electronic or sealed bids, and notice of the sale shall be published once in a newspaper published in the City of Little Rock and having a general circulation throughout the State of Arkansas at least twenty (20) days prior to the date of sale.
(c) (1) In either case, the bonds may be sold at a price as the commission may accept, including sale at a premium or a discount.
(2) In no event shall any bid or price be accepted which results in an interest cost exceeding that permitted by law.
Section: Previous 27-90-202 27-90-203 27-90-204 27-90-205 27-90-206 27-90-207 27-90-208 27-90-209 27-90-210 27-90-211 27-90-212 27-90-213 27-90-214 27-90-215 NextLast modified: November 15, 2016