Statutes > Arkansas Statutes > Title 19 - Public Finance > Chapter 9 - Public Obligations > Subchapter 4 - Registration > § 19-9-414 - Exemption of interest from taxation.

§ 19-9-414 - Exemption of interest from taxation.

19-9-414. Exemption of interest from taxation.

The state covenants with the owners of any registered public obligations that it will not amend or repeal this subchapter if the effect may be to impair the exemption from income taxation of interest on registered public obligations.