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15-22-714. Bonds as general obligations of state — Pledge of revenues.

Arkansas Code — all titles (historical 2020) · legal_authorities

15-22-714. Bonds as general obligations of state — Pledge of revenues.

15-22-714. Bonds as general obligations of state — Pledge of revenues. (a) The bonds shall be the direct general obligations of the State of Arkansas for the payment of debt service on which the full faith and credit of the State of Arkansas are irrevocably pledged so long as any such bonds are outstanding. (b) The bonds shall be payable from the general revenues of the state as that term is defined in the Revenue Stabilization Law, § 19-5-101 et seq., and such amount of general revenues as is necessary is pledged to the payment of debt service on the bonds and shall be and remain pledged for that purpose.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-22-714

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Record provenance

Stable record: arkansas_code:legal_authorities:15-22-714
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4debe1aea3d08ecf4d94152839d38310a3d004505d9f40c3315bc854e77af1b6

Source location: content.xml paragraph 15949

Stored source content

15-22-714. Bonds as general obligations of state — Pledge of revenues. (a) The bonds shall be the direct general obligations of the State of Arkansas for the payment of debt service on which the full faith and credit of the State of Arkansas are irrevocably pledged so long as any such bonds are outstanding. (b) The bonds shall be payable from the general revenues of the state as that term is defined in the Revenue Stabilization Law, § 19-5-101 et seq., and such amount of general revenues as is necessary is pledged to the payment of debt service on the bonds and shall be and remain pledged for that purpose.

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Arkansas Code — all titles (historical 2020) · legal_authorities

19-5-101. Title.

19-5-101. Title. This chapter shall be known and cited as the “Revenue Stabilization Law”.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 19-5-101

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 19-5-101. This identifies an authority to review, not proof of applicability.