Authority of State Board of Finance.
Ark. Code Ann. § 19-9-201
in effectThe State Board of Finance is authorized to:
(1) Take such action as may be provided by law for the issuance of refunding bonds for outstanding obligations to the State of Arkansas;
(2) Issue replacement bonds, either typewritten, printed, or lithographed, for lost, mislaid, destroyed, or stolen bonds of the State of Arkansas in the manner and within the limitations provided by § 19-9-102;
(3) Take such action as may appear necessary or desirable to collect any funds which may have been in the hands of paying agents for a period of three (3) years or longer and to invest any funds so collected in the manner provided by §§ 19-9-103 — 19-9-105; and
(4) Take such other action, not inconsistent with law, as may appear necessary or desirable to:
(A) Retire the direct bonded debt of the State of Arkansas in an orderly manner;
(B) Safeguard state funds pledged for the payment of such obligations; and
(C) Maintain and improve the credit standing of the State of Arkansas.
Source: Public.Resource.Org / UniCourt, Official Code of Arkansas Annotated, Release 78 (2020) (unicourt.github.io/cic-code-ar)URL: https://unicourt.github.io/cic-code-ar/transforms/ar/ocar/r78/gov.ar.code.title.19.htmlFetched: 11/8/2026