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Ark. Code Ann. § 15-20-804

Limitation

Acts 1995, No. 690, § 5.

(1) In no event shall the Arkansas Natural Resources Commission obligate or pledge the full faith and credit of the State of Arkansas to secure any obligation sold, pledged, or placed with investors under this subchapter.

(2) The commission shall not pledge its full faith and credit to secure any obligation sold, pledged, or placed with investors under this subchapter.

(3) However, the commission may obligate itself to honor those financial covenants and transaction enhancements that may be associated with the sale or pledge of the loans.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.