Arkansas Code
Subchapter 3 - Division of Arkansas State Police Communications Equipment Leasing Act
§ 12-8-303. Definitions

As used in this subchapter:
(1) “Acquire” means to acquire by lease, lease-purchase, or otherwise, construct, repair, alter, install, restore, or place on any land or in any building or motor vehicle any communications equipment by negotiation or bidding upon such terms and conditions as are determined by the Arkansas State Police Commission to be in the best interests of the Division of Arkansas State Police and that will most effectively serve the purposes of this subchapter;
(2) “Commission” means the Arkansas State Police Commission, which is the commission created by § 12-8-102, or any successor agency;
(3) “Communications equipment” means public safety communication equipment and systems, including buildings, structures, furnishings, and fixtures used directly for public safety purposes in connection with the operation thereof, including, but not limited to, radio broadcast and receiving, telegraph, television, teletype, microwave transmission, and similar systems of communication by voice or by conveyance of words, signals, or images by electronic or electrical means;
(4) “Cost”, as applied to communications equipment, means all costs of such equipment and, without limiting the generality of the foregoing, shall include the following:
(A) All costs of the acquisition of any such communications equipment and all costs incident or related thereto;
(B) The cost of architectural, engineering, legal, and related services, including:
(i) The cost of the preparation of plans, specifications, studies, surveys, and estimates of cost and of revenue; and
(ii) All other expenses necessary or incident to planning, providing or determining the need for or the feasibility and practicability of such communications equipment; and

(C) All costs paid or incurred in connection with the financing of such communications equipment, including:
(i) Out-of-pocket expenses;
(ii) The cost of financing, legal, accounting, financial advisory and consulting fees, expenses, and disbursements;
(iii) The cost of any policy of insurance, letter of credit, or guaranty;
(iv) The cost of printing, engraving, and reproduction services; and
(v) The cost of the initial or acceptance fee of any trustee or paying agent;

(5) [Repealed.]
(6) [Repealed.]
(7) “Lease or lease-purchase agreement” means the contract entered into by the commission to acquire the communications equipment;
(8) “Lease payments” means payments to be made by the division from pledged revenues or other legally available sources to pay costs of communications equipment; and
(9) “Pledged revenues” means all revenues authorized by § 12-8-307 to be pledged for the security and payment of the lease.