Ark. Const. amend. 62, § 5
- Constitution
- Constitution of Arkansas
- Text as of
- October 2026
What does this section say?
The special tax for payment of bonded indebtedness authorized in Sections 1 and 2 hereof shall constitute a special fund pledged as security for the payment of such indebtedness. The special tax shall never be extended for any other purpose, nor collected for any greater length of time than necessary to retire such bonded indebtedness. Upon retirement of the bonded indebtedness, any surplus tax collections which may have accumulated shall be transferred to the general funds of the municipality or county.
The text is copied from the official source: www.sos.arkansas.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.