Each project, and the income from all leases made with respect thereto, are determined and declared by the General Assembly to be public property used exclusively for a public purpose and shall be exempt from ad valorem taxation by all taxing authorities.
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