Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 1 - Development Of Economic And Natural Resources Generally > Chapter 4 - Development Of Business And Industry Generally > Subchapter 30 - Arkansas General Obligation Economic Development Superprojects Bond and Project Funding Act > § 15-4-3019 - No rights until first series of bonds sold and delivered -- Outstanding bonds unaffected.

§ 15-4-3019 - No rights until first series of bonds sold and delivered -- Outstanding bonds unaffected.

15-4-3019. No rights until first series of bonds sold and delivered -- Outstanding bonds unaffected.

(a) This subchapter shall not create any right of any character, and no right of any character shall arise under it unless and until the first series of bonds authorized by this subchapter are sold and delivered.

(b) The issuance of bonds authorized by this subchapter shall not impair or affect any outstanding bonds of the Arkansas Development Finance Authority issued under prior acts.