Bonds — Principal amount

Ark. Code Ann. § 14-189-119, under Industrial Development Authorities Expansion Act.

Ark. Code Ann. § 14-189-119

(1) Each bond issued under this chapter shall be in the principal amount sufficient, together with other available funds, for:(1) The acquisition, construction, and equipment of facilities or the reconstruction, extension, improvement, equipment, or reequipment of facilities;(2) All costs of issuing the bonds;(3) The amount necessary for a reserve, if deemed desirable by the industrial development authority issuing the bonds;(4) The amount necessary to provide for debt service on the bonds until revenues for the payment of the bonds are available; and(5) Any cost of whatever nature necessarily incidental to the bonds.

(1) The acquisition, construction, and equipment of facilities or the reconstruction, extension, improvement, equipment, or reequipment of facilities;

(2) All costs of issuing the bonds;

(3) The amount necessary for a reserve, if deemed desirable by the industrial development authority issuing the bonds;

(4) The amount necessary to provide for debt service on the bonds until revenues for the payment of the bonds are available; and

(5) Any cost of whatever nature necessarily incidental to the bonds.