Arkansas § 14-168-319 Redevelopment bonds or notes - Special fund for repayment

Arkansas Statutes

§ 14-168-319 — Redevelopment bonds or notes - Special fund for repayment

Arkansas § 14-168-319

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This text of Arkansas § 14-168-319 (Redevelopment bonds or notes - Special fund for repayment) 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. § 14-168-319 (2026).

Text

(a)Redevelopment bonds and notes are payable out of the special fund created for each redevelopment district under this subchapter.

(b)(1) The local governing body shall irrevocably pledge all or part of the special fund to the payment of the bonds or notes.

(2)The special fund, or the designated part thereof, may thereafter be used only for the payment of the bonds or notes and their interest until they have been fully paid.

(c)A holder of the bonds or notes shall have a lien against the special fund for payment of the bonds or notes and interest on them and may bring suit, either at law or in equity, to enforce the lien.

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(a) Redevelopment bonds and notes are payable out of the special fund created for each redevelopment district under this subchapter. (b) (1) The local governing body shall irrevocably pledge all or part of the special fund to the payment of the bonds or notes. (2) The special fund, or the designated part thereof, may thereafter be used only for the payment of the bonds or notes and their interest until they have been fully paid. (c) A holder of the bonds or notes shall have a lien against the special fund for payment of the bonds or notes and interest on them and may bring suit, either at law or in equity, to enforce the lien.