Ark. Code § 14-217-113
Current with legislation from 2024 Fiscal and Special Sessions.
Bonds may be issued for the purpose of refunding any bonds issued under this chapter. Refunding bonds may be either sold or delivered in exchange for the bonds being refunded. If sold, the proceeds may be either applied to payment of the bonds being refunded or deposited in trust and applied as provided by § 19-9-301.
Ark. Code § 14-217-113