Arkansas § 15-5-1203 - Definitions.
Full text of Arkansas Arkansas Code of 1987 Annotated § 15-5-1203 — Definitions., with citation guidance and answers to common questions.
§ 15-5-1203. Definitions.
As used in this subchapter: “Act” means the Arkansas Development Finance Authority Act, § 15-5-101 et seq.; “Authority” means the Arkansas Development Finance Authority; “Bonds” means the Arkansas Development Finance Authority Petroleum Storage Tank Trust Fund revenue bonds or other obligations authorized to be issued or incurred by the authority pursuant to this subchapter and the Arkansas Development Finance Authority Act, §§ 15-5-101 et seq., 15-5-201 et seq., and 15-5-301 et seq.; “Debt service fund” means the Petroleum Storage Tank Trust Fund Revenue Bond Debt Service Fund and any subaccount of the Petroleum Storage Tank Trust Fund Revenue Bond Debt Service Fund to be established on the books of the authority for the purpose of paying the principal of and interest on the bonds as they come due; [Repealed.] “Pledged fees” means the fees collected by the Secretary of the Department of Finance and Administration pursuant to § 8-7-906; “Reserve fund” means the Petroleum Storage Tank Trust Fund Revenue Bonds Reserve Fund and any subaccount of the Petroleum Storage Tank Trust Fund Revenue Bonds Reserve Fund established on the books of the authority pursuant to this subchapter as a reserve for the payment of the principal or any interest on the bonds; “Trust fund” means the Petroleum Storage Tank Trust Fund established in the State Treasury pursuant to § 8-7-905; and “Trust fund act” means the Petroleum Storage Tank Trust Fund Act, § 8-7-901 et seq.
Frequently Asked Questions About Arkansas § 15-5-1203
What does Arkansas Code of 1987 Annotated § 15-5-1203 cover?
Section 15-5-1203 ("Definitions.") 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 § 15-5-1203?
A common citation format is "Arkansas Code of 1987 Annotated § 15-5-1203" (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 § 15-5-1203 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.