Arkansas Code § 6-62-1106 - Bonds -- Debt Service Limitation

The total principal amount of bonds outstanding under this subchapter and under the Arkansas College Savings Bond Act of 1989, ยง 6-62-701 et seq., shall not have combined scheduled debt service payments in excess of twenty-four million dollars ($24,000,000) in any one (1) fiscal year.

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Last modified: November 15, 2016