Ark. Code § 14-184-213

Current with legislation from 2024 Fiscal and Special Sessions.
Section 14-184-213 - Bonds - Conversion
(a) The bonds may be sold with the privilege of conversion into an issue bearing other rate or rates of interest, upon the terms that the board receive no less and pay no more than it would receive and pay if the bonds were not converted.
(b) The conversion shall be subject to the approval of the board.

Ark. Code § 14-184-213

Acts 1975, No. 403, § 5; 1981, No. 474, § 5; A.S.A. 1947, § 20-1629.