Use of net revenues
Acts 1959, No. 262, § 5; A.S.A. 1947, § 20-736.
(1) The net revenues from a joint operation shall be used first to pay the principal and interest as they mature of revenue bonds issued under this subchapter.
(2) Any remaining net revenues may be used to provide funds or pay bonds and interest issued for improvements, extensions, and betterments.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.