§ 6-81-119 - Refunding obligations. - Arkansas Statutes

6-81-119. Refunding obligations.

(a) The Arkansas Student Loan Authority may, by resolution, provide for the issuance of refunding obligations to refund any outstanding obligations issued under this subchapter together with accrued interest thereon.

(b) Provisions governing the issuance and sale of obligations under this subchapter shall govern the issuance and sale of refunding obligations hereunder insofar as such provisions are applicable.

(c) Refunding obligations may be exchanged for the outstanding obligations or may be sold and the proceeds used to retire the outstanding obligations.