Arkansas § 13-5-311 - Sale of bonds.
Full text of Arkansas Arkansas Code of 1987 Annotated § 13-5-311 — Sale of bonds., with citation guidance and answers to common questions.
§ 13-5-311. Sale of bonds.
The bonds shall be sold at public sale on sealed bids after such advertisement as the Secretary of the Department of Parks, Heritage, and Tourism shall determine to be necessary for the obtaining of favorable competitive bidding. In no event shall any bid be accepted which results in a net interest cost, which is determined by computing the aggregate interest cost from date to maturity at the rates bid and deducting any premium or adding the amount of any discount, in excess of the interest cost computed at par for bonds bearing interest at the rate of eight percent (8%) per annum. The bonds shall not be subject to conversion.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 13-5-311
What does Arkansas Code of 1987 Annotated § 13-5-311 cover?
Section 13-5-311 ("Sale of bonds.") 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 § 13-5-311?
A common citation format is "Arkansas Code of 1987 Annotated § 13-5-311" (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 § 13-5-311 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.