ARKANSAS STATUTES AND CODES
§ 14-205-108 - Sale of bonds -- Use of proceeds.
14-205-108. Sale of bonds -- Use of proceeds.
The bonds shall be sold at not less than ninety cents (90cent(s)) on the dollar. The proceeds derived therefrom shall be used exclusively for the purposes for which the bonds are issued. They may be sold at one (1) time or in parcels as funds are needed.
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