Any lessee is authorized to convey to the corporation, with or without the payment of monetary consideration therefor, any property that may be owned by the lessee, whether or not the property is necessary for the conduct of the governmental or other public functions of the lessee, if the conveyance has been authorized by a resolution duly adopted by the governing body prior to the conveyance.
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