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AR SB511

Bill

Official Source

Status

Passed

3/24/2015

Primary Sponsor

Keith Ingram

Click for details

Origin

Senate

90th General Assembly (2015 Regular)

AI Summary

  • Amends Arkansas Code § 6-62-312(a) to authorize boards of trustees of state-supported institutions of higher education to refinance outstanding obligations in whole or in part
  • Expands refinancing authority to include obligations issued under Acts 1933 No. 47, Acts 1939 No. 14, the subchapter itself, or any other law
  • Permits refinancing for the purpose of financing and refinancing improvements at state-supported institutions of higher education
  • Changes mandatory language ("has the power and is authorized to") to permissive language ("may refinance")
  • Approved March 20, 2015

Legislative Description

Concerning The Authority Of State-supported Institutions Of Higher Education To Refinance Outstanding Obligations.

Last Action

Notification that SB511 is now Act 566

3/24/2015

Committee Referrals

Education2/26/2015
Education2/24/2015

Full Bill Text

No bill text available