A county, municipality, accredited institution of higher education, and state agency that is a sponsor of a research park authority may:
(1) Appoint members of a research park authority;
(2) Contribute to the cost of acquiring, constructing, equipping, maintaining, and operating the research park facilities and appurtenant facilities; and
(3) Transfer and convey to the authority property of any kind acquired by the county, municipality, accredited institution of higher education, and state agency or the State of Arkansas for research and economic development.
Structure Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 144 - Research Park Authority Act
§ 14-144-301. Issuance of revenue bonds — Authorization
§ 14-144-302. Issuance of revenue bonds — Resolution of research park authority — Nature of bonds
§ 14-144-303. Issuance of revenue bonds — Indenture
§ 14-144-304. Issuance of revenue bonds — Price and manner sold
§ 14-144-305. Issuance of revenue bonds — Execution
§ 14-144-306. Issuance of revenue bonds — Obligation of research park authority
§ 14-144-307. Issuance of revenue bonds — Refunding bonds
§ 14-144-308. Issuance of revenue bonds — Mortgage lien
§ 14-144-309. Issuance of revenue bonds — Default
§ 14-144-310. Agreements to obtain funds
§ 14-144-311. Exemption from taxation
§ 14-144-312. Use of surplus funds
§ 14-144-313. Public and private contributions
§ 14-144-314. Accounts and reports
§ 14-144-315. County, municipal, and state participation