Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 2 - Land And Water Resources Generally > Chapter 22 - Water Resources > Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987 > § 15-22-708 - Bonds -- Purpose of issuance and application of proceeds.

§ 15-22-708 - Bonds -- Purpose of issuance and application of proceeds.

15-22-708. Bonds -- Purpose of issuance and application of proceeds.

Bonds issued under this subchapter shall be issued for the purpose of financing and development of waste disposal facilities or pollution abatement facilities, and the proceeds of the bonds shall be applied for the payment of project costs and the costs and expenses of issuance of the bonds.