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.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 142 - Local Government Library Bonds
Subchapter 2 - Local Government Library Bond Act
§ 14-142-202. Legislative intent
§ 14-142-205. Subchapter supplemental
§ 14-142-207. Bonds generally — Authorizing ordinance for municipalities
§ 14-142-208. Bonds generally — Election to authorize issuance
§ 14-142-209. Bonds generally — Terms and conditions
§ 14-142-210. Bonds generally — Interest rates
§ 14-142-211. Bonds generally — Trust indenture
§ 14-142-212. Bonds generally — Contents
§ 14-142-213. Bonds generally — Sale
§ 14-142-214. Bonds generally — Execution
§ 14-142-215. Bonds generally — Successive issues
§ 14-142-216. Bonds generally — Pledge of taxes generally
§ 14-142-217. Bonds generally — Liability
§ 14-142-218. Bonds generally — Pledge and collection of ad valorem taxes
§ 14-142-219. Bonds generally — Interim borrowing