Arkansas § 14-95-610 Bond description and liability

Arkansas Statutes

§ 14-95-610 — Bond description and liability

Arkansas § 14-95-610

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This text of Arkansas § 14-95-610 (Bond description and 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. § 14-95-610 (2026).

Text

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

(1)It has been issued under the provisions of this chapter;

(2)The bonds shall be obligations only of the Arkansas Development Finance Authority, as specified in the applicable trust indenture; and (3) In no event shall they constitute indebtedness for which the faith and credit of the State of Arkansas or any of its revenues, within the meaning of Arkansas Constitution, Amendment 20, are pledged.

(b)No member of the authority shall be personally liable on the bonds.

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(a) It shall be plainly stated on the face of each bond that: (1) It has been issued under the provisions of this chapter; (2) The bonds shall be obligations only of the Arkansas Development Finance Authority, as specified in the applicable trust indenture; and (3) In no event shall they constitute indebtedness for which the faith and credit of the State of Arkansas or any of its revenues, within the meaning of Arkansas Constitution, Amendment 20, are pledged. (b) No member of the authority shall be personally liable on the bonds.