Arkansas § 14-303-504 - Sale — Limitations.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-303-504 — Sale — Limitations., with citation guidance and answers to common questions.
§ 14-303-504. Sale — Limitations.
Bonds issued under the authority of this chapter shall be sold at public sale or at private sale, upon the written approval of the State Securities Commissioner based on his finding that a private sale will be in the best interest of the authority involved. Any sale of the bonds will be for a price including, without limitation, sale at a discount, and in a manner the authority involved may determine, but in no event shall the authority involved pay more than seven percent (7%) interest on the amount received, computed with relation to the absolute maturity of the bonds in accordance with the Standard Tables of Bond Values. Supplemental and dual coupons shall not be permitted, and the bonds shall not be subject to conversion.
Frequently Asked Questions About Arkansas § 14-303-504
What does Arkansas Code of 1987 Annotated § 14-303-504 cover?
Section 14-303-504 ("Sale — Limitations.") 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 § 14-303-504?
A common citation format is "Arkansas Code of 1987 Annotated § 14-303-504" (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 § 14-303-504 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.