(a) This chapter shall be liberally construed in conformity with its intent.
(b) All acts and activities of the corporation performed pursuant to the authority of this chapter are legislatively determined and declared to be essential governmental functions. In this regard, it is determined and declared that this chapter is the sole authority necessary for the performance of the acts authorized by this chapter including, without limitation, the issuance of bonds.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 138 - Public Corporations For Municipal Facilities
§ 14-138-101. Legislative intent
§ 14-138-104. Authority generally
§ 14-138-105. Authority and procedure to incorporate
§ 14-138-106. Certificate of incorporation
§ 14-138-107. Execution and recording of certificate
§ 14-138-108. Board of directors
§ 14-138-110. Powers generally
§ 14-138-111. Lease agreements
§ 14-138-112. Conveyance of property by lessee
§ 14-138-113. Tax exemption of projects
§ 14-138-114. Issuance of bonds
§ 14-138-115. Notice of bond resolution
§ 14-138-116. Execution of bonds
§ 14-138-117. Security for bonds
§ 14-138-118. Eligibility of bonds as investment
§ 14-138-119. Bonds — Tax exemption
§ 14-138-120. Proceeds from sale of bonds