(a) State of Arkansas Water, Waste Disposal, and Pollution Abatement Facilities general obligation bonds issued under this subchapter may be sold:(1) Either at public or private sale in a manner and upon the terms that the Arkansas Natural Resources Commission determines to be reasonable and expedient for the purposes for which the commission was created; and(2) At the price the commission determines acceptable, including sale at a discount.
(1) Either at public or private sale in a manner and upon the terms that the Arkansas Natural Resources Commission determines to be reasonable and expedient for the purposes for which the commission was created; and
(2) At the price the commission determines acceptable, including sale at a discount.
(b) The commission may employ administrative agents, fiscal agents, underwriters, architects, accountants, engineers, and legal counsel and may pay any person employed by the commission reasonable compensation from the proceeds of the bonds.
(c) The following may be paid from the proceeds of the bonds:(1) Fees of any trustee or paying agent;(2) The costs of publication of notices and of printing of the bonds, official statements, and other documents relating to the sale of the bonds;(3) The fees of any rating agency; and(4) Other reasonable costs of issuing and selling the bonds incurred by the commission.
(1) Fees of any trustee or paying agent;
(2) The costs of publication of notices and of printing of the bonds, official statements, and other documents relating to the sale of the bonds;
(3) The fees of any rating agency; and
(4) Other reasonable costs of issuing and selling the bonds incurred by the commission.