Ark. Code § 14-164-316
Current with legislation from 2024 Fiscal and Special Sessions.
The bonds shall be secured by, and contain a pledge of, any tax or combination of taxes authorized to pay the bonded indebtedness and shall be payable solely from the taxes authorized by this subchapter. However, the issuer is not prohibited from using other taxes, revenues, or receipts to retire the bonds.
Ark. Code § 14-164-316