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6-20-1004. Authority To Issue Bonds.

The State Board of Education is authorized to issue bonds from time to time, as described hereinafter, and to use the proceeds thereof, together with other available funds, for the purpose of financing the operation of the Revolving Loan Program, as administered by the state board pursuant to § 6-20-801 et seq. or any similar law, as set forth herein, paying expenses incidental to the sale and issuance of the bonds, providing for necessary reserves to secure the bonds, and providing for payments of debt service on the bonds until revenues are available.

History

Acts 1973, No. 59, § 1; 1979, No. 541, § 3; A.S.A. 1947, § 80-966.

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Local Government
Arkansas
2
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Asa Hutchinson
Asa Hutchinson
January 13, 2015 -
Republican
501-682-5080
425 W Capitol Ave. Suite 1620, Little Rock, AR, 72201

Keywords
education
bonds
loan
revolving
financing
secondary
finances
alternative
generally
providing