Statutes > Arkansas Statutes > Title 6 - Education > Subtitle 2 - Elementary And Secondary Education Generally > Chapter 20 - Finances > Subchapter 10 - Revolving Loan Program -- Alternative State Financing > § 6-20-1016 - Prohibition on creation of rights.

§ 6-20-1016 - Prohibition on creation of rights.

6-20-1016. Prohibition on creation of rights.

This subchapter shall not create any right, and no right shall arise under it, until the initial issue or series of bonds authorized by this subchapter shall have been sold and delivered by the State Board of Education.