Statutes > Arkansas Statutes > Title 6 - Education > Subtitle 2 - Elementary And Secondary Education Generally > Chapter 20 - Finances > Subchapter 26 - Arkansas Public School Academic Facilities Financing Act of 2007 > § 6-20-2610 - Full faith and credit of state pledged to repay bonds.

§ 6-20-2610 - Full faith and credit of state pledged to repay bonds.

6-20-2610. 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 is and shall remain pledged to the payment of debt service on the bonds.