Ark. Code § 6-20-1229

Current with legislation from 2024 Fiscal and Special Sessions.
Section 6-20-1229 - Issuance of second-lien commercial bonds - Definitions
(a) As used in this section:
(1) "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.
(b) All second-lien bonds issued by school districts shall have semiannual interest payments.

Ark. Code § 6-20-1229

Amended by Act 2017, No. 935,§ 2, eff. 8/1/2017.
Acts 2001, No. 1220, § 18; 2005, No. 2121, § 15.