2017 Arkansas Code
Title 27 - Transportation
Subtitle 5 - Highways, Roads, and Streets
Chapter 76 - Regional Mobility Authority Act
Subchapter 6 - Financing and Bonds
§ 27-76-610. Interim bonds
- (a) Before issuing definitive bonds, a regional mobility authority may issue interim bonds with or without coupons exchangeable for definitive bonds.
- (b) The interim bonds may be authorized and issued in accordance with this chapter without regard to a requirement, restriction, or procedural provision in any other law.
- (1) A bond resolution authorizing interim bonds may provide that the interim bonds recite that the bonds are issued under this chapter.
- (2) The recital is conclusive evidence of the validity and the regularity of the interim bonds' issuance.
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