AMENDMENT 82 BOND FINANCING
AMENDMENT 82 BOND FINANCING
Recognizing the importance of economic development and the tools necessary to be competitive in the global market for jobs and investment, Arkansans passed Amendment 82 to the Arkansas Constitution in 2004 authorizing ADFA to issue general obligation bonds for major economic development projects approved by the Arkansas General Assembly. These projects may include, but are not limited to:
- Land acquisition
- Site preparation
- Road and highway improvements
- Rail spur construction
- Water service
- Wastewater treatment
- Employee training which may include equipment for such purpose
- Environmental mitigation
- Training and research facilities and the necessary equipment therefore