Arkansas Statutes

§ 14-164-316 — Bonds generally - Pledge of taxes generally

Arkansas·Title 14

The bonds shall be secured by, and contain a pledge of, any tax or combination of taxes authorized to pay the bonded indebtedness and shall be payable solely from the taxes authorized by this subchapter. However, the issuer is not prohibited from using other taxes, revenues, or receipts to retire the bonds.

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Arkansas § 14-164-316 (Bonds generally - Pledge of taxes generally) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 1985, No. 871, § 5; A.S.A. 1947, § 13-1243.

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