HB1636

House Bill 1636 amends Arkansas law to permit municipalities, public facilities boards, and public water authorities to issue revenue bonds for water, sewer, or combined water and sewer systems that are currently under court-ordered receivership. The bill establishes that these revenue bonds can be used to cover operating costs, capital improvements, repairs, replacements, refunding existing debt, water purchase costs, wastewater treatment costs, and other court-approved expenses. The issuance of these bonds requires approval from the court overseeing the receivership. The debt and interest associated with these bonds are to be repaid exclusively from the system's revenues. The bill also identifies the specific statutory frameworks under which these bonds must be issued based on the type of entity involved.