Issuance of second-lien commercial bonds — Definitions
Acts 2001, No. 1220, § 18; 2005, No. 2121, § 15; 2017, No. 935, § 2.
(1) As used in this section: “Issue”, “issuance”, or some variety thereof means the date upon which a second-lien bond is actually sold; and
(2) “Second-lien bond” means a commercial bond issued under the authority set forth in § 26-80-106.
(3) All second-lien bonds issued by school districts shall have semiannual interest payments.
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.