Arkansas § 22-3-1209 Certificates of indebtedness - Pledge of revenues and restrictions generally

Arkansas Statutes

§ 22-3-1209 — Certificates of indebtedness - Pledge of revenues and restrictions generally

Arkansas § 22-3-1209

Title22

This text of Arkansas § 22-3-1209 (Certificates of indebtedness - Pledge of revenues and restrictions generally) 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. § 22-3-1209 (2026).

Text

(a)The certificates shall be the obligations of the Building Authority Division, and the nontax revenues available to the division under the provisions of § 22-3-1210 , as distinguished from any tax moneys which may be made available for the operation of the division, are pledged to secure the payment of the certificates.

(b)The certificates shall contain a provision that neither the faith nor credit of the State of Arkansas nor any of its revenues are pledged to the payment of the certificates and that the debt is not the obligation of the division.

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(a) The certificates shall be the obligations of the Building Authority Division, and the nontax revenues available to the division under the provisions of § 22-3-1210 , as distinguished from any tax moneys which may be made available for the operation of the division, are pledged to secure the payment of the certificates. (b) The certificates shall contain a provision that neither the faith nor credit of the State of Arkansas nor any of its revenues are pledged to the payment of the certificates and that the debt is not the obligation of the division.

Legislative History

Amended by Act 2019, No. 910,§ 6201, eff. 7/1/2019. Amended by Act 2016EX3, No. 3,§ 68, eff. 5/23/2016. Amended by Act 2016EX3, No. 2,§ 68, eff. 5/23/2016. Acts 1983, No. 458, § 4; A.S.A. 1947, § 13-2604.