There is a newer version of the Arkansas Code
2015 Arkansas Code
Title 14 - Local Government
Subtitle 4 - Public Finance Generally
Chapter 78 - Local Government Short-Term Financing Obligations
§ 14-78-108 - Nonliability.
AR Code § 14-78-108 (2015) What's This?
No officer, employee, or member of the legislative body of the issuer shall be personally liable for any obligations issued under the provisions of this chapter or for any damages sustained by any person in connection with any contracts entered into to carry out the purposes and intent of this chapter, unless the person acted with corrupt intent.
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