§ 19-3-522 - Servicing state debt. - Arkansas Statutes

19-3-522. Servicing state debt.

(a) Unless otherwise specifically provided by law, the Secretary of the State Board of Finance shall be disbursing officer of appropriations made for meeting the debt service requirements of the direct general obligation bonds of this state at any time outstanding.

(b) The term "debt service requirements", as used in this section, means the maturing principal of, interest on, and paying agents' fees in connection with the payment of the bonds. The secretary shall, without fail, cause notice of the call to be published not less than thirty (30) days before the first date upon which such bonds may be called, with publication to be by one (1) insertion in a newspaper published in each of the cities of Little Rock, Arkansas; St. Louis, Missouri; and in a financial newspaper published in the Borough of Manhattan, City of New York, State of New York.