Arkansas Code Title 6, Subtitle 5, Chapter 61, Subchapter 10 - Technical College and Community College Capital Improvement Act of 1993

• § 6-61-1001 - Title.
  This subchapter shall be known as and may be cited as the "Technical College and Community College Capital Improvement Act of 1993".
• § 6-61-1002 - Definitions.
  As used in this subchapter, unless the context otherwise requires: (1) "Board of trustees" means the local board of trustees of a technical or...
• § 6-61-1003 - Issuance of Bonds.
  The board of trustees is authorized and empowered to issue its bonds with a specific pledge for the payment of debt service and costs...
• § 6-61-1004 - Authorization of Bond Issue -- Terms of Authorizing Resolution.
  (a) The bonds shall be authorized by resolution of the board of trustees of the technical college or the community college.(b) The authorizing resolution...
• § 6-61-1005 - Additional Terms of Authorizing Resolution.
  (a) The authorizing resolution may provide for the execution by the board of trustees of the technical college or the community college with a...
• § 6-61-1006 - Signature on Bonds.
  Bonds shall be executed by the manual or facsimile signature of the chair and secretary of the board of trustees of a technical college...
• § 6-61-1007 - Interest on Bonds.
  The bonds shall be registrable as to principal and interest, and the bonds may be in such form and denominations, may have such date...
• § 6-61-1008 - Sale of Bonds.
  (a) Bonds issued pursuant to this subchapter may be sold by negotiation or at public sale, as shall be determined by the board of...
• § 6-61-1009 - Liability.
  (a) The bonds shall be revenue bonds secured solely by the revenues pledged thereto, and in no event shall they be considered a debt...
• § 6-61-1010 - Authority of Arkansas Higher Education Coordinating Board.
  (a) The board of trustees shall not issue any bonds under the provisions of this subchapter unless, prior to the issuance of such notes...
• § 6-61-1011 - Authority of Board of Trustees -- Issuance of Bonds.
  (a) For the purpose of and in connection with the issuance of bonds, the board of trustees may execute such documents and enter into...
• § 6-61-1012 - Authority of Board of Trustees -- Financing a Project.
  The board of trustees is authorized and empowered to enter into the necessary contracts for the borrowing of all or any part of the...
• § 6-61-1013 - Authority of Board of Trustees -- Refunding Bonds.
  (a) The board of trustees has the power to and is authorized to refinance, in whole or in part, from time to time, its...
• § 6-61-1014 - Authority of Board of Trustees -- Use of Available Funds.
  The board of trustees is authorized to utilize any funds available to finance temporarily all or any part of the project and to make...

Last modified: November 15, 2016