Arkansas § 15-20-1305 - Purpose of bonds.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-20-1305 — Purpose of bonds., with citation guidance and answers to common questions.
§ 15-20-1305. Purpose of bonds.
Bonds issued under this subchapter shall be issued to finance on a temporary or permanent basis or to refinance and develop one (1) or more projects, and the proceeds of the bonds shall be applied to the payment of project costs and the costs and expenses of issuance of the bonds, or in connection with a project refinancing, the repayment of indebtedness incurred to pay project costs, or for refunding of bonds as provided in § 15-20-1313 .
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 15-20-1305
What does Arkansas Code of 1987 Annotated § 15-20-1305 cover?
Section 15-20-1305 ("Purpose 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 § 15-20-1305?
A common citation format is "Arkansas Code of 1987 Annotated § 15-20-1305" (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 § 15-20-1305 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.