§ 19-12-201. Title
This subchapter shall be known and may be cited as the “Tobacco Settlement Revenue Bonds Act of 2006”.
§ 19-12-202. Legislative findings, intent, and purpose
(a) The General Assembly finds that: (1) Cancer is one of the leading health problems and causes of death in the state; (2) There is an immediate need for additional facilities to support research in the cause, treatment, and prevention of various types of cancer; (3) Because the Arkansas Cancer Research Center of the University […]
§ 19-12-203. Applicability of Tobacco Settlement Proceeds Act
The Tobacco Settlement Proceeds Act, § 19-12-101 et seq., is fully applicable to this subchapter and any Tobacco Settlement Revenue Bonds issued under this subchapter.
§ 19-12-204. Arkansas Cancer Research Center designated as capital improvement project
As authorized by § 19-12-106(b)(4), the Arkansas Cancer Research Center of the University of Arkansas for Medical Sciences is designated as a capital improvement project relating to healthcare services, health education, or health-related research.
§ 19-12-205. Additional Tobacco Settlement Revenue Bonds authorized
Additional Tobacco Settlement Revenue Bonds may be issued in connection with the capital improvement project described in § 19-12-204 under the following conditions: (1) No more than five million dollars ($5,000,000) of the annual transfer to the Tobacco Settlement Debt Service Fund shall be allocated in any one (1) year to pay debt service requirements […]
§ 19-12-206. Issuance of additional Tobacco Settlement Revenue Bonds by Arkansas Development Finance Authority
(a) If revenues in the Tobacco Settlement Debt Service Fund are sufficient to meet Debt Services Requirements with regard to additional Tobacco Settlement Revenue Bonds that may be issued in connection with the capital improvement project described in § 19-12-204, then the Arkansas Development Finance Authority shall issue additional Tobacco Settlement Revenue Bonds in accordance […]