§ 6-62-708 - Bonds -- Principal amount. - Arkansas Statutes

6-62-708. Bonds -- Principal amount.

The total principal amount of bonds to be issued during any fiscal biennium shall not exceed three hundred million dollars ($300,000,000), nor shall the principal amount of bonds outstanding at any time have debt service requirements in excess of twenty-four million dollars ($24,000,000) in any one (1) fiscal year from all sources.