Ark. Code Ann. § 22-3-1209
This is the official text of Ark. Code Ann. § 22-3-1209, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Certificates of indebtedness - Pledge of revenues and restrictions generally
Official statutory 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. 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.
(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.
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.
(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.
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.
Status: in_force
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