Arkansas Code
Subchapter 7 - Arkansas College Savings Bond Act
§ 6-62-718. Bonds — General obligations — Pledge of revenues

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

Structure Arkansas Code

Arkansas Code

Title 6 - Education

Subtitle 5 - Postsecondary and Higher Education Generally

Chapter 62 - Property and Finances of State Institutions

Subchapter 7 - Arkansas College Savings Bond Act

§ 6-62-701. Title

§ 6-62-702. Legislative findings and declaration of public necessity

§ 6-62-703. Definitions

§ 6-62-704. Construction

§ 6-62-705. Power and duties of Arkansas Development Finance Authority and Arkansas Higher Education Coordinating Board

§ 6-62-706. Financial resources or financial aid or assistance

§ 6-62-707. Bonds — Authorization — Amount outstanding

§ 6-62-708. Bonds — Principal amount

§ 6-62-709. Bonds — Issuance — Duties of Arkansas Higher Education Coordinating Board and Arkansas Development Finance Authority

§ 6-62-710. Bonds — Financial incentives

§ 6-62-711. Bonds — Purposes

§ 6-62-712. Bonds — Terms and conditions generally

§ 6-62-713. Bonds — Terms and conditions — Series bonds

§ 6-62-714. Bonds — Resolution or trust indenture — Selection of projects

§ 6-62-715. Refunding bonds

§ 6-62-716. Bonds — Execution

§ 6-62-717. Bonds — Sale — Employment of administrative agents, fiscal agents, and legal counsel

§ 6-62-718. Bonds — General obligations — Pledge of revenues

§ 6-62-719. Bonds — Payment — Bond fund — Debt Service Reserve Fund

§ 6-62-720. Bond — Tax exemption — Legal investments

§ 6-62-721. Bonds — Rights and liabilities — Enforcement

§ 6-62-722. Bonds — Rights and liabilities — Commencement

§ 6-62-723. Bonds — Deposit of proceeds

§ 6-62-724. Bonds — Investment and disbursement of funds

§ 6-62-725. Judicial review — Priority

§ 6-62-726. Rules