Arkansas § 14-218-121 - Retirement of bonds of separate districts before maturity.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-218-121 — Retirement of bonds of separate districts before maturity., with citation guidance and answers to common questions.
§ 14-218-121. Retirement of bonds of separate districts before maturity.
The board of improvement of the consolidated district is authorized to pay any notes or bonds given by either of the separate districts before the notes or bonds become due including accrued interest on the notes or bonds up until the date of payment. In order to facilitate the retirement of the notes or bonds, the board at its option, may pay, in addition to the face value and accrued interest on any bond or note, a premium of not exceeding one-half of one percent (½ of 1%) for each full year that the payment of the note or bond is anticipated.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-218-121
What does Arkansas Code of 1987 Annotated § 14-218-121 cover?
Section 14-218-121 ("Retirement of bonds of separate districts before maturity.") 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 § 14-218-121?
A common citation format is "Arkansas Code of 1987 Annotated § 14-218-121" (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 § 14-218-121 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.