§ 14-21-107 - Transfer of unexpended balances in bond redemption funds. - Arkansas Statutes

14-21-107. Transfer of unexpended balances in bond redemption funds.

(a) In all cases where bonds have been issued by any county for the construction, reconstruction, and extension of any county courthouse or county jail, as authorized by Arkansas Constitution, Amendment 17 [repealed], and all bonds issued for these purposes by any county have been wholly retired, the county courts of the counties, by appropriate order, may transfer any balances remaining unexpended to the credit of the bond redemption fund in the counties, to the county general revenue fund, and they may then be used for all purposes for which the county general revenue fund could be used.

(b) In all cases where Amendment 49 [repealed] bonds have been issued by any county, as authorized by Arkansas Constitution, Amendment 49, and all bonds issued for these purposes by the county have been wholly retired, the county court, by appropriate order, may transfer any balances remaining unexpended in the bond redemption fund to the county general revenue fund, and when so transferred, the funds may be used for any and all purposes for which other funds in the general revenue fund of the county may be used.