Ark. Code § 14-95-608
Current with legislation from 2024 Fiscal and Special Sessions.
The principal of, premiums, if any, interest on, and trustees' and paying agents' fees in connection with all bonds issued under this chapter shall be secured solely by a lien on and pledge of each municipality's urban service district's revenues derived from their service charges credited to the town or city treasury, and the pledging of those revenues, the "pledged revenues", is hereby authorized.
Ark. Code § 14-95-608