Ark. Code Ann. § 15-22-705

The Arkansas Natural Resources Commission is authorized to issue bonds of the State of Arkansas, to be known as “State of Arkansas Waste Disposal and Pollution Abatement Facilities General Obligation Bonds”, in total principal amount not to exceed two hundred fifty million dollars ($250,000,000), for the purposes set forth in this subchapter. The bonds may be issued in one (1) or more series as required subject to the conditions and in compliance with the procedures set forth in this subchapter.