(a)
(1) Bonds issued pursuant to this subchapter shall be obligations only of the issuing county jail board, municipal jail board, or public instrumentality jail board.
(2) In no event shall they constitute any indebtedness for which the faith and credit of the county, municipality, or public instrumentality that created the board, any of their respective revenues, or of the State of Arkansas or any of its revenues, as used in Arkansas Constitution, Amendment 20, are pledged except that the fines and penalties described under this subchapter may be pledged.
(b) The bonds shall not be secured by a mortgage or lien on any land, buildings, or property belonging to the county, municipality, or public instrumentality that created the board but may be secured by the real and personal property owned by the board and all other revenues of whatever nature that are received by the board or otherwise generated as a result of the board's activities.
(c) No member of the board shall be personally liable on the bonds or for any damages sustained by anyone in connection with any contracts entered into or action taken in carrying out the powers, purposes, or authority of this subchapter or of the ordinance or resolution adopted by the quorum court or governing body of the municipality or public instrumentality unless he or she shall have acted with a corrupt intent.
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