(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. (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. Acts 1983, No. 458, § 4; A.S.A. 1947, § 13-2604.
‹ Prev All Arkansas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.