Refunding bonds

  1. Law
  2. Arkansas Code
  3. Natural Resources and Economic Development
  4. Development Of Economic And Natural Resources Generally
  5. Arkansas Development Finance Authority
  6. State Entity Energy Efficiency Project Bond Act
  7. Refunding bonds

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  1. (a) The Arkansas Development Finance Authority may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this subchapter and any accrued interest on those bonds.

  2. (b) The authority may:

    1. (1) Sell the refunding bonds and use the proceeds to retire the outstanding bonds issued under this subchapter;

    2. (2) Exchange the refunding bonds for the outstanding bonds; and

    3. (3) Refund the bonds in the manner provided by any other applicable statute.


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