Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 7 - Water And Soil Improvement Districts > Chapter 120 - Drainage And Levee Improvement Districts Generally > Subchapter 3 - Consolidation of District Duties, Obligations, and Purposes > § 14-120-330 - Disposition and use of bond proceeds.

§ 14-120-330 - Disposition and use of bond proceeds.

14-120-330. Disposition and use of bond proceeds.

The proceeds derived from the sale of those bonds or notes shall be paid to the treasurer of the district and may be used for the operation of the district in carrying out the purposes for which it was originally created and those assumed by it under the provisions of subchapter 2 of this chapter and acts amendatory thereto.