Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 10 - Economic Development And Tourism Generally > Chapter 164 - Industrial Development Bonds > Subchapter 4 - Local Government Capital Improvement Revenue Bond Act > § 14-164-413 - Bonds -- Special obligations.

§ 14-164-413 - Bonds -- Special obligations.

14-164-413. Bonds -- Special obligations.

The bonds issued under this subchapter shall not be general obligations of the issuer, but shall be special obligations, and in no event shall the bonds constitute an indebtedness of the issuer within the meaning of any constitutional or statutory limitation.