The bonds issued under this subchapter shall not be general obligations of the issuer, but shall be special obligations, and in no event shall the bonds constitute an indebtedness of the issuer within the meaning of any constitutional or statutory limitation.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 164 - Industrial Development Bonds
Subchapter 4 - Local Government Capital Improvement Revenue Bond Act
§ 14-164-404. Subchapter supplemental
§ 14-164-405. Bonds — Issuance generally
§ 14-164-406. Bonds — Terms and conditions
§ 14-164-407. Bonds — Trust indenture
§ 14-164-408. Bonds — Contents
§ 14-164-410. Bonds — Execution
§ 14-164-411. Bonds — Payment — Security
§ 14-164-412. Bonds — Mortgage lien
§ 14-164-413. Bonds — Special obligations
§ 14-164-414. Bonds — Liability of legislative body's officers, employees, or members
§ 14-164-415. Bonds — Successive issues
§ 14-164-416. Bonds — Tax exemption