Ark. Code Ann. » Title 14 Chapter 72
Arkansas Code Annotated

Ark. Code Ann. § 14-72-701 (2020)

Disposition of principal and interest

✓ Arkansas Code release r76: Acts through about 2020 (2021-2025 sessions missing)
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In instances where bonds were issued by a municipality under Arkansas Constitution, Amendment 13 [repealed], and the project for which the bonds were issued has not been commenced within ten (10) years after the bonds were issued, all interest accrued and accruing on the bond principal may be transferred into the general fund of the city upon a two-thirds (2/3) vote of its governing body. The principal balance shall be refundable to the taxpayers under the procedure prescribed by this subchapter.

History. Acts 1989, No. 490, § 1.

A.C.R.C. Notes. It is questionable whether Ark. Const. Amend. 13 is repealed in whole or whether only those provisions that conflict with Ark. Const. Amend. 62 are repealed by Ark. Const. Amend. 62.

Case Notes

Cited: Hartwick v. Thorne, 300 Ark. 502, 780 S.W.2d 531 (1989).

Notes of Decisions
Cited in 1 case, 1990–1990 · leading case: Hartwick v. Thorne, 780 S.W.2d 531 (Ark. 1990).
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Hartwick v. Thorne, 780 S.W.2d 531 (Ark. 1990). · cites it 4× “The appellant argues that Act 490 of 1989, enacted on March 10 of this year and codified at Ark.Code Ann. § 14-72-701 (Supp.1989), is dispositive of the issue of interest accumulated on these funds.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.