It is declared that each public facilities board created pursuant to this chapter will be performing public functions and will be a public instrumentality of the municipality or county creating the board. Accordingly, all properties at any time owned by the board and the income therefrom shall be exempt from all taxation in the State of Arkansas.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 137 - Public Facilities Boards
§ 14-137-102. Legislative determination and purpose
§ 14-137-104. Provisions supplemental and controlling
§ 14-137-106. Creation — Purposes — Definition
§ 14-137-107. Creating ordinance — Authority
§ 14-137-109. Officers — Executive director
§ 14-137-110. Meetings — Records
§ 14-137-111. Powers generally — Bidding and appraisal requirements
§ 14-137-112. Acquiring and transferring facilities
§ 14-137-113. Postsecondary education or occupational training facilities
§ 14-137-114. Tax exemption of properties
§ 14-137-115. Use of funds and revenue — Bonds
§ 14-137-116. Issuance, sale, and execution of bonds
§ 14-137-118. Investment of public funds in bonds
§ 14-137-119. Bonds — Tax exemption
§ 14-137-120. Obligations on bonds
§ 14-137-121. Mortgage liens — Enforcement