There is a newer version of the Arkansas Code
2020
2019
2018
2017
2016
Other previous versions
View our newest version here

2010 Arkansas Code
Title 14 - Local Government
Subtitle 10 - Economic Development And Tourism Generally
Chapter 164 - Industrial Development Bonds
Subchapter 3 - Local Government Bond Act
§ 14-164-311 - Bonds generally -- Interest rates.

14-164-311. Bonds generally -- Interest rates.

(a) Bonds for capital improvements shall not bear a rate of interest in excess of two percent (2%) per annum above the Federal Reserve rate in effect at the time of the election authorizing the bonds.

(b) Industrial development bonds may bear such rate or rates of interest as the ordinance shall provide.

Disclaimer: These codes may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.