Constitution of Arkansas (2025 publisher edition) — Amendment 20: STATE BONDS.

Publisher edition notice: This collection preserves the complete constitutional appendix of the Secretary of State’s 2025 Election Laws and Constitution compilation: its preamble, twenty original articles, schedule and 104 published amendments, including annotations and explicit repealed notices. Repealed notices remain historical publisher context. Later amendments have not been independently verified.

Amendment 20

AMEND. 20. STATE BONDS.
Bonds prohibited except when approved by majority vote of electors. — Except for the
purpose of refunding the existing outstanding indebtedness of the State and for assuming and
refunding valid outstanding road improvement district bonds, the State of Arkansas shall issue
no bonds or other evidence of indebtedness pledging the faith and credit of the State or any of its
revenues for any purpose whatsoever, except by and with the consent of the majority of the
qualified electors of the State voting on the question at a general election or at a special election
called for that purpose.
Publisher’s Notes. This amendment may be super-
seded by Ark. Const. Amend. 65.
This amendment was proposed by the General Assembly
at the 1933 regular session (see Acts 1933, p. 879). It was
approved at the general election Nov. 6, 1934, by a vote of
97,344 for and 26,299 against.
Amendment 20 provides that it “shall be self-executing
and require no enabling act, but shall take and have full
force and effect immediately upon its adoption by the
electors of the State.”