Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 2 - Land And Water Resources Generally > Chapter 20 - General Provisions > Subchapter 13 - Arkansas Water, Waste Disposal, and Pollution Abatement Facilities Financing Act of 2007 > § 15-20-1319 - Effect of election.

§ 15-20-1319 - Effect of election.

15-20-1319. Effect of election.

(a) If a majority of the qualified electors voting on the question vote for the issuance of the bonds, the commission shall proceed with the sale and the issuance of the bonds as provided in this subchapter.

(b) If a majority of the qualified electors voting on the question vote against the issuance of the bonds, the bonds authorized by this subchapter shall not be sold or issued, and this subchapter shall be of no further effect.