Restriction on local government bonds and pledges

Ark. Code Ann. § 8-6-713 — under Disposal of Solid Wastes and Other Refuse.

Ark. Code Ann. § 8-6-713

(a) Unless approved by the regional solid waste management board, no municipality, county, improvement district, or sanitation authority within the regional solid waste management district shall:(1) Issue any bonds for solid waste management purposes; or(2) Pledge any revenues derived from solid waste management services for any bond issue.

(1) Issue any bonds for solid waste management purposes; or

(2) Pledge any revenues derived from solid waste management services for any bond issue.

(b) Notwithstanding the provisions of subsection (a) of this section, no board shall prohibit a municipality or county from issuing revenue bonds or using general obligation bonds when the purpose of such issuance or usage is the funding of a facility or project to process and market recycled materials for use as fuel.

(c) The board shall not impair any existing bond issue or other financial obligation of a municipality, county, improvement district, or sanitation authority.