Arkansas § 6-20-904 Obligations - Security - Payment

Arkansas Statutes

§ 6-20-904 — Obligations - Security - Payment

(a)The certificates shall be obligations of the State Board of Education only, secured by a pledge of the collateral and payable from the proceeds realized from the collateral, as specified in § 6-20-905 .

(b)The certificates shall not be obligations of the State of Arkansas and shall not be secured by a pledge of any revenues belonging to the State of Arkansas.

(c)It shall be stated on the face of each certificate that it has been issued under this subchapter.

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(a) The certificates shall be obligations of the State Board of Education only, secured by a pledge of the collateral and payable from the proceeds realized from the collateral, as specified in § 6-20-905 . (b) The certificates shall not be obligations of the State of Arkansas and shall not be secured by a pledge of any revenues belonging to the State of Arkansas. (c) It shall be stated on the face of each certificate that it has been issued under this subchapter.

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