Arkansas § 14-321-104 - Bonds sold for less than par when carrying lower interest rate.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-321-104 — Bonds sold for less than par when carrying lower interest rate., with citation guidance and answers to common questions.
§ 14-321-104. Bonds sold for less than par when carrying lower interest rate.
If any viaduct improvement district described in § 14-321-101 , where it is or may be provided by law that the interest on bonds issued by the district shall not exceed six percent (6%) per annum, nor the bonds be sold for less than par, bonds bearing a lower rate of interest may be issued by the district and sold at less than par, provided that the proceeds of the sale of the bonds issued by the district shall not be less than the proceeds of the sale of six percent (6%) bonds at par.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-321-104
What does Arkansas Code of 1987 Annotated § 14-321-104 cover?
Section 14-321-104 ("Bonds sold for less than par when carrying lower interest rate.") 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 § 14-321-104?
A common citation format is "Arkansas Code of 1987 Annotated § 14-321-104" (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 § 14-321-104 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.