Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 2 - Land And Water Resources Generally > Chapter 22 - Water Resources > Subchapter 6 - Arkansas Water Resources Development Act of 1981 > § 15-22-608 - Bonds -- Purpose of issuance and application of proceeds.

§ 15-22-608 - Bonds -- Purpose of issuance and application of proceeds.

15-22-608. Bonds -- Purpose of issuance and application of proceeds.

Bonds issued under this subchapter shall be issued for the purpose of financing the development of water resources projects, and the proceeds of any bonds issued under this subchapter shall be applied for the payment of project costs.