Bonds issued under this subchapter shall be issued for the purpose of financing the development of water resources projects, and the proceeds of any bonds issued under this subchapter shall be applied for the payment of project costs.
Ark. Code Ann. § 15-22-608
Bonds — Purpose of issuance and application of proceeds
Acts 1981, No. 496, § 5; A.S.A. 1947, § 21-2305.
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.