Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 10 - Economic Development And Tourism Generally > Chapter 164 - Industrial Development Bonds > Subchapter 5 - Economic and Industrial Development Revenue Bond Law > § 14-164-522 - Bonds -- Special obligations.

§ 14-164-522 - Bonds -- Special obligations.

14-164-522. Bonds -- Special obligations.

The bonds issued under the authority of this subchapter shall not be general obligations of the municipality or county, but shall be special obligations, and in no event shall the revenue bonds constitute an indebtedness of the municipality or county within the meaning of any constitutional or statutory limitation.