(a) This subchapter shall be liberally construed to accomplish its intent and purposes and shall be the sole authority required for the accomplishment of its purpose. To this end, it shall not be necessary to comply with general provisions of other laws dealing with public facilities, their acquisition, construction, leasing, encumbering, or disposition.
(b)
(1) The practice of municipalities and counties and their authority to loan the proceeds of industrial development revenue bonds to accomplish the purposes set forth in § 14-164-205 is explicitly confirmed and ratified.
(2) All loans previously made by a municipality or county shall be considered for all purposes as if made under the authority of this subchapter.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 164 - Industrial Development Bonds
Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law
§ 14-164-205. Authority to develop industry
§ 14-164-206. Authority to issue revenue bonds
§ 14-164-207. Applicability of §§ 14-164-208 — 14-164-216, and 14-164-218
§ 14-164-208. Adoption of bond ordinance or order
§ 14-164-209. Bonds — Issuance — Authorizing resolution
§ 14-164-210. Bonds — Terms and conditions
§ 14-164-211. Bonds — Trust indenture, lease, etc
§ 14-164-212. Bonds and coupons — Execution
§ 14-164-214. Bonds — Conversion
§ 14-164-215. Bonds — Successive issues
§ 14-164-216. Bonds — Priority among issues
§ 14-164-218. Bonds — Interim financing
§ 14-164-220. Statutory mortgage lien
§ 14-164-221. Default in payment of bonds
§ 14-164-222. Bonds — Tax exemption