Arkansas § 13-5-308 - Authorizing resolutions.
Full text of Arkansas Arkansas Code of 1987 Annotated § 13-5-308 — Authorizing resolutions., with citation guidance and answers to common questions.
§ 13-5-308. Authorizing resolutions.
Bonds shall be authorized by resolution of the Secretary of the Department of Parks, Heritage, and Tourism. The authorizing resolution may contain or may provide for the execution of a trust indenture which may contain any other terms, covenants, and conditions that are deemed desirable by the secretary, including, without limitation, those pertaining to: The maintenance of various funds and reserves; The nature and extent of revenue pledges and security; The conditions precedent to the issuance of additional bonds and the priority of lien and pledge in that event; The custody and application of the proceeds of the bonds; The collection and disposition of revenues; The investing and reinvesting in securities specified by the secretary of any moneys during periods not needed for authorized purposes; and The rights, duties, and obligations of the secretary and of the holders and registered owners of the bonds.
Frequently Asked Questions About Arkansas § 13-5-308
What does Arkansas Code of 1987 Annotated § 13-5-308 cover?
Section 13-5-308 ("Authorizing resolutions.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 13-5-308?
A common citation format is "Arkansas Code of 1987 Annotated § 13-5-308" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 13-5-308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.