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Section 12-41-606 - Bonds - Authority to issue — Arkansas Law | CourtGPT
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  4. Title 12 - Law Enforcement, Emergency Management, and Military Affairs (§§ 12-1-101 — 12-88-109)/
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  7. Subchapter 6 - County Jail Revenue Bond Act of 1981/
  8. Section 12-41-606 - Bonds - Authority to issue
Arkansas Legal Code

Section 12-41-606 - Bonds - Authority to issue

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The county jail board is authorized and empowered to issue bonds, at one (1) time or in series from time to time, and to use the proceeds thereof, together with any other funds, for financing the cost of construction or expansion of the county jail or jail facilities, together with all expenses incidental to and reasonably necessary in connection therewith, the expenses of the issuance of the bonds, the creating and maintenance of reserves to secure the payment of the bonds, if the board deems it necessary or desirable, and for providing for the payment of the interest on the bonds, if necessary or desirable, until sufficient funds are available therefor out of pledged revenues.Acts 1981, No. 879, § 6; A.S.A. 1947, § 46-434.