Arkansas § 6-50-808 - Bonds — Sale.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-50-808 — Bonds — Sale., with citation guidance and answers to common questions.
§ 6-50-808. Bonds — Sale.
A workforce development center authority may issue bonds for: The cost of acquiring, constructing, equipping, maintaining, and operating one (1) or more workforce development centers operated by the workforce development center authority within its area of operation; The cost of issuing the bonds; Any outstanding indebtedness of the workforce development center authority, including without limitation interest on the bonds; and Refunding any obligations issued under this subchapter. Bonds issued under this subchapter: Including any income from the bonds, or any profit made on the sale or transfer of the bonds, are exempt from taxation in this state; Shall be authorized by the board of directors of a workforce development center authority through a resolution containing any terms, covenants, and conditions that the board of directors deems to be reasonable and desirable; Shall have all of the qualities of and shall be deemed to be negotiable instruments under the laws of the State of Arkansas; and May be sold in such a manner, either at public or private sale, and upon such terms as the board of directors of a workforce development center authority shall determine to be reasonable and expedient for effectuating the purposes of this subchapter. Bonds, promissory notes, or other evidence of indebtedness issued under this subchapter: Are not backed by the full faith and credit of the State of Arkansas or the sponsors of the workforce development center authority; and Shall not in any event constitute an indebtedness of, nor pledge the faith and credit of, the State of Arkansas or a sponsor of the workforce development center authority within the meaning of any constitutional provisions or limitations.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 6-50-808
What does Arkansas Code of 1987 Annotated § 6-50-808 cover?
Section 6-50-808 ("Bonds — Sale.") 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 § 6-50-808?
A common citation format is "Arkansas Code of 1987 Annotated § 6-50-808" (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 § 6-50-808 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.