(a) Each authority when created, and the members thereof, shall constitute a public corporation and, as such, shall have perpetual succession, may contract and be contracted with, sue and be sued, and have and use a common seal.
(b) The exercise of the powers and performance of duties provided for in this chapter by each authority and its officers, agents, and employees are declared to be public and governmental functions, exercised for a public purpose and matters of public necessity, conferring upon each authority governmental immunity from suit in tort.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 143 - Regional Intermodal Facilities Act
§ 14-143-103. Establishment of authorities
§ 14-143-104. Authority as public corporation
§ 14-143-105. Appointment of board
§ 14-143-106. Vacancy on board
§ 14-143-107. Compensation prohibited — Reimbursement of expenses
§ 14-143-108. Facilities authorized
§ 14-143-109. Powers of authority generally
§ 14-143-110. Issuance of revenue bonds — Authorization
§ 14-143-111. Issuance of revenue bonds — Resolution of authority — Nature of bonds
§ 14-143-112. Issuance of revenue bonds — Indenture
§ 14-143-113. Issuance of revenue bonds — Price and manner sold
§ 14-143-114. Issuance of revenue bonds — Execution
§ 14-143-115. Issuance of revenue bonds — Obligation of authority
§ 14-143-116. Issuance of revenue bonds — Refunding bonds
§ 14-143-117. Issuance of revenue bonds — Mortgage lien
§ 14-143-118. Issuance of revenue bonds — Default
§ 14-143-119. Agreements to obtain funds
§ 14-143-120. Acquisition of property
§ 14-143-121. Exemption from taxation
§ 14-143-122. Use of surplus funds
§ 14-143-123. Public and private contributions
§ 14-143-124. Accounts and reports
§ 14-143-125. County, municipal, and state authority
§ 14-143-126. Lease of facilities