Arkansas § 26-82-117 Capital improvement bonds

Arkansas Statutes

§ 26-82-117 — Capital improvement bonds

Arkansas § 26-82-117

Title26

This text of Arkansas § 26-82-117 (Capital improvement bonds) 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. § 26-82-117 (2026).

Text

(a)All or a specific portion of the local sales and use tax under this chapter may be pledged to bonds issued under §§ 14-164-301 - 14-164-340 .

(b)If pledged under the Local Government Bond Act of 1985, § 14-164-301 et seq., §§ 14-164-337 and 14-164-339 apply to the disposition of the revenues from local sales and use tax so pledged.

(c)The local sales and use tax may not be repealed, abolished, or reduced while any bonds secured by a pledge of the local sales and use tax are outstanding.

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(a) All or a specific portion of the local sales and use tax under this chapter may be pledged to bonds issued under §§ 14-164-301 - 14-164-340 . (b) If pledged under the Local Government Bond Act of 1985, § 14-164-301 et seq., §§ 14-164-337 and 14-164-339 apply to the disposition of the revenues from local sales and use tax so pledged. (c) The local sales and use tax may not be repealed, abolished, or reduced while any bonds secured by a pledge of the local sales and use tax are outstanding.