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Arkansas Constitution of 1874 Amendment 62, § 4. Maximum special tax rates

Current as of March 28, 2024 | Updated by Findlaw Staff

The maximum rate of any special tax to pay bonded indebtedness as authorized in Sections 1 and 2 hereof shall be stated on the ballot. After such bond issue has been approved by the electorate, the municipality or county may, prior to the issuance of the bonds, borrow funds on an interim basis, not to exceed three (3) years, and pledge to the payment thereof the tax approved by the voters.

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Cite this article: FindLaw.com - Arkansas Constitution of 1874 Amendment 62, § 4. Maximum special tax rates - last updated March 28, 2024 | https://codes.findlaw.com/ar/arkansas-constitution-of-1874/ar-const-amend-62-sect-4/

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