2015 Arkansas Code
Title 14 - Local Government
Subtitle 7 - Water And Soil Improvement Districts
Chapter 122 - Municipal Drainage Improvement Districts
Subchapter 2 - District Financing
§ 14-122-206 - Sale of bonds.
(a) The bonds shall be sold at public sale on sealed bids.
(b) Notice of the sale shall be published once a week for at least two (2) consecutive weeks in a newspaper having a general circulation throughout the State of Arkansas, with the first publication to be at least twenty (20) days prior to the date of sale, and may be published in such other publications as the district may determine.
(c) The bonds may be sold at such price as the board may accept, including sale at a discount.
(d) The award, if made, shall be to the bidder whose bid results in the lowest net interest cost.
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