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15-4-3014. General obligations bonds.

Arkansas Code — all titles (historical 2020) · legal_authorities

15-4-3014. General obligations bonds.

15-4-3014. General obligations bonds. (a) The bonds shall be direct general obligations of the state for the payment of debt service on which the full faith and credit of the state are irrevocably pledged so long as any of the bonds are outstanding. (b) The bonds shall be payable from the Economic Development Superprojects Project Fund and, if necessary, from general revenues, and such amount of general revenues as may be necessary is pledged to the payment of debt service on the bonds and shall be and remain pledged for those purposes.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 15-4-3014

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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Stable record: arkansas_code:legal_authorities:15-4-3014
Source file: gov.ar.code.title.15.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a9a7aacb5f3356036338f0ea5601d3e7abb542ff0d4fc4d0258b2d1c729f775e

Source location: content.xml paragraph 5319

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15-4-3014. General obligations bonds. (a) The bonds shall be direct general obligations of the state for the payment of debt service on which the full faith and credit of the state are irrevocably pledged so long as any of the bonds are outstanding. (b) The bonds shall be payable from the Economic Development Superprojects Project Fund and, if necessary, from general revenues, and such amount of general revenues as may be necessary is pledged to the payment of debt service on the bonds and shall be and remain pledged for those purposes.

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