{"data":{"id":"us-ar/ark.-code-ann.-6-20-904","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 6-20-904","heading":"Obligations - Security - Payment","body":"(a) The certificates shall be obligations of the State Board of Education only, secured by a pledge of the collateral and payable from the proceeds realized from the collateral, as specified in § 6-20-905 .\n\n(b) The certificates shall not be obligations of the State of Arkansas and shall not be secured by a pledge of any revenues belonging to the State of Arkansas.\n\n(c) It shall be stated on the face of each certificate that it has been issued under this subchapter.","path":["AR Code","Title 6","Chapter 20","Subchapter 9"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"ae7a038472aa8b7c9b7a0822a76b6095fca40acccef6f34b25d09ae0649efef2","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-6-20-903","next":"us-ar/ark.-code-ann.-6-20-905"},"notice":"GroundRules: Original legal text. Not legal advice."}