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Arkansas Code Title 14. Local Government § 14-142-216. Repayment of indebtedness

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

The bonds shall be secured by, and contain a pledge of, any tax or combination of taxes authorized to pay the bonded indebtedness and shall be payable solely from the taxes authorized by Arkansas Constitution, Amendment 30 or Amendment 38, as amended by Arkansas Constitution, Amendment 72, and this subchapter. However, the issuer is not prohibited from using other taxes, revenues, or receipts to retire the bonds.

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Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-142-216. Repayment of indebtedness - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-142-216/

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