Statutes > Arkansas Statutes > Title 15 - Natural Resources and Economic Development > Subtitle 2 - Land And Water Resources Generally > Chapter 20 - General Provisions > Subchapter 13 - Arkansas Water, Waste Disposal, and Pollution Abatement Facilities Financing Act of 2007 > § 15-20-1310 - Full faith and credit of state pledged to repay bonds.

§ 15-20-1310 - Full faith and credit of state pledged to repay bonds.

15-20-1310. Full faith and credit of state pledged to repay bonds.

The bonds shall be the direct general obligations of the state for the payment of debt service on which the full faith and credit of the state are irrevocably pledged so long as any such bonds are outstanding. The bonds shall be payable from the general revenues of the state, and the amount of general revenues of the state as is necessary and shall remain pledged to the payment of debt service on the bonds.