Bonds issued under the provisions of this chapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes. The exemption shall include income, inheritance, and estate taxes.
Structure Arkansas Code
Subtitle 7 - Water and Soil Improvement Districts
Chapter 122 - Municipal Drainage Improvement Districts
Subchapter 2 - District Financing
§ 14-122-201. Authority to borrow money and issue bonds or certificates — Security
§ 14-122-203. Authorizing resolution
§ 14-122-205. Contents of bonds
§ 14-122-207. Execution of bonds — Seal
§ 14-122-208. Security and payment of bonds
§ 14-122-209. Bonds — Tax exemption
§ 14-122-210. Board liability on bonds
§ 14-122-211. Additional funds — Supplemental annual assessment