Ark. Code Ann. § 14-164-522

Bonds - Special obligations

Last amended: 1985Year: 2026Length: 118 words
The bonds issued under the authority of this subchapter shall not be general obligations of the municipality or county, but shall be special obligations, and in no event shall the revenue bonds constitute an indebtedness of the municipality or county within the meaning of any constitutional or statutory limitation. Acts 1985, No. 1017, § 6; A.S.A. 1947, § 13-1278. The bonds issued under the authority of this subchapter shall not be general obligations of the municipality or county, but shall be special obligations, and in no event shall the revenue bonds constitute an indebtedness of the municipality or county within the meaning of any constitutional or statutory limitation. Acts 1985, No. 1017, § 6; A.S.A. 1947, § 13-1278.
Ark. Code Ann. § 14-164-522: Bonds - Special obligations | Justis AI