2018 Arkansas Code
Title 27 - Transportation
Subtitle 5 - Highways, Roads, and Streets
Chapter 64 - General Provisions
Subchapter 2 - Arkansas Highway Financing Act of 1999
§ 27-64-204. Authorization -- Purposes

Universal Citation: AR Code § 27-64-204 (2018)
  • The State Highway Commission is hereby authorized, subject to the approval of the voters in a statewide election, to issue bonds to be known as State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds in a total principal amount not to exceed five hundred seventy-five million dollars ($575,000,000) for the purpose of:
  • (1) Accelerating certain highway improvement projects already underway or scheduled;

  • (2) Funding new highway improvement projects;

  • (3) Financing the restoration, reconstruction, and renovation of highway improvements within the State of Arkansas; and

  • (4) Paying the costs of issuance of the bonds, including the costs of bond issuance or other credit enhancement.

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.