Arkansas § 13-5-313 Statements on bonds - Liability

Arkansas Statutes

§ 13-5-313 — Statements on bonds - Liability

Arkansas § 13-5-313

Title13

This text of Arkansas § 13-5-313 (Statements on bonds - Liability) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 13-5-313 (2026).

Text

(a)It shall be plainly stated on the face of each bond that:

(1)The bond has been issued under the provisions of this subchapter;

(2)The bonds are obligations only of the Secretary of the Department of Parks, Heritage, and Tourism;

(3)In no event do the bonds constitute an indebtedness for which the faith and credit of the State of Arkansas or any of its revenues are pledged; and (4) The bonds are not secured by a mortgage or lien on any land or buildings belonging to the State of Arkansas or the Department of Parks, Heritage, and Tourism.

(b)No member of the department shall be personally liable on the bonds or for any damages sustained by anyone in connection with any contracts entered into in carrying out the purposes and intent of this subchapter unless he or she shall have acted

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(a) It shall be plainly stated on the face of each bond that: (1) The bond has been issued under the provisions of this subchapter; (2) The bonds are obligations only of the Secretary of the Department of Parks, Heritage, and Tourism; (3) In no event do the bonds constitute an indebtedness for which the faith and credit of the State of Arkansas or any of its revenues are pledged; and (4) The bonds are not secured by a mortgage or lien on any land or buildings belonging to the State of Arkansas or the Department of Parks, Heritage, and Tourism. (b) No member of the department shall be personally liable on the bonds or for any damages sustained by anyone in connection with any contracts entered into in carrying out the purposes and intent of this subchapter unless he or she shall have acted with a corrupt intent.

Legislative History

Amended by Act 2019, No. 910,§ 5572, eff. 7/1/2019. Amended by Act 2019, No. 910,§ 5571, eff. 7/1/2019. Acts 1971, No. 515, § 5; 1975 (Extended Sess., 1976), No. 1018, § 2; A.S.A. 1947, § 6-1206.