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2010 Arkansas Code
Title 6 - Education
Subtitle 5 - Postsecondary And Higher Education Generally
Chapter 61 - Postsecondary Institutions Generally
Subchapter 10 - Technical College and Community College Capital Improvement Act
§ 6-61-1009 - Liability.

6-61-1009. Liability.

(a) The bonds shall be revenue bonds secured solely by the revenues pledged thereto, and in no event shall they be considered a debt for which the faith and credit of the State of Arkansas or any of its revenues are pledged.

(b) No member of any board shall be personally liable for the notes or bonds or for any damages sustained by anyone in connection with contracts for loans or the construction of the buildings, unless it shall be made to appear that he or she has acted with a corrupt intent.

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