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ARKANSAS STATUTES AND CODES
§ 6-81-107 - Bonds, notes, etc. -- Consent of State Board of Finance -- Maximum amount of outstanding obligations.
6-81-107. Bonds, notes, etc. -- Consent of State Board of Finance -- Maximum amount of outstanding obligations.
Prior to the issuance of any obligation or the advertisement of revenue bonds for public sale as provided in 6-81-112, the obligation shall be authorized by resolution of the Arkansas Student Loan Authority, and the State Board of Finance shall first give its consent by resolution adopted at any regular or special meeting of the board to the issuance of any obligation by the Arkansas Student Loan Authority under the authority provided herein.
Prior to the issuance of any obligation or the advertisement of revenue bonds for public sale as provided in 6-81-112, the obligation shall be authorized by resolution of the Arkansas Student Loan Authority, and the State Board of Finance shall first give its consent by resolution adopted at any regular or special meeting of the board to the issuance of any obligation by the Arkansas Student Loan Authority under the authority provided herein.
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