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192 chapters · 4,300 sections in this title.
Ark. Code Ann. § 14-78-101 Title
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This chapter shall be referred to and may be cited as the “Local Government Short-Term Financing Obligations Act of 2001”.
Ark. Code Ann. § 14-78-102 Definitions
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(1) As used in this chapter, unless the context otherwise requires:(1) “Chief executive” means the mayor of a municipality or the county judge of a county;(2) “County” means any county in the State of Arkansas;(3) “Issue” means, depending on the type of obligation, to issue, ente…
Ark. Code Ann. § 14-78-103 Authorization for issuance of obligations
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(a) (1) Municipalities and counties are authorized to issue obligations for the purpose of acquiring, constructing, installing, and renting real property or tangible personal property having an expected useful life of more than one (1) year.(2) The maximum term and maximum intere…
Ark. Code Ann. § 14-78-104 Refunding obligations
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(a) Obligations may be issued under this chapter to refund any outstanding short-term financing obligations issued pursuant to Arkansas Constitution, Amendment 78, whether or not issued under this chapter. (b) (1) Refunding obligations may be either sold for cash or delivered in …