§ 14-171-217 - Pledge of state revenues prohibited. - Arkansas Statutes

14-171-217. Pledge of state revenues prohibited.

(a) Nothing in this subchapter shall be construed as authorizing the pledging of the faith and credit of the state or any of its revenues, either for the performance of the obligations of the state under the agreements authorized by 14-171-204 -- 14-171-210 or for the payment of bonds issued pursuant to such agreements.

(b) All payments to cities and counties under agreements entered into in accordance with this subchapter are made subject to specific appropriations for such purpose and nothing in this subchapter, or in any agreement entered into pursuant to this subchapter, shall be construed to require the General Assembly to make any appropriation pursuant to this subchapter, or such agreement, or to prohibit the General Assembly from amending or repealing this subchapter at any time.