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Ark. Code Ann. § 27-76-610

Interim bonds

Known as the Regional Mobility Authority Act

The act spans §§ 27–27 (54 sections).

Acts 2007, No. 389, § 1.

(1) Before issuing definitive bonds, a regional mobility authority may issue interim bonds with or without coupons exchangeable for definitive bonds.

(2) The interim bonds may be authorized and issued in accordance with this chapter without regard to a requirement, restriction, or procedural provision in any other law.

(3) A bond resolution authorizing interim bonds may provide that the interim bonds recite that the bonds are issued under this chapter.

(4) The recital is conclusive evidence of the validity and the regularity of the interim bonds' issuance.

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.