It is the express intent of the General Assembly that any tax levied under the authority of this subchapter by a municipality or county to finance capital improvements of a public nature or economic development projects shall not constitute revenues of the state within the meaning of any constitutional or statutory provisions, but the tax levied under this subchapter shall at all times continue to be revenues of the particular municipality or county notwithstanding the participation or involvement, for the convenience of administration, by the Secretary of the Department of Finance and Administration or the Treasurer of State in the manner authorized in this subchapter in any phase of collection, holding, or distribution of proceeds of any tax authorized under this subchapter.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 164 - Industrial Development Bonds
Subchapter 3 - Local Government Bond Act
§ 14-164-302. Legislative intent
§ 14-164-305. Subchapter supplemental
§ 14-164-307. Financing of economic development projects
§ 14-164-308. Bonds generally — Authorizing ordinance
§ 14-164-309. Bonds generally — Election to authorize issuance
§ 14-164-310. Bonds generally — Terms and conditions
§ 14-164-311. Bonds generally — Interest rates
§ 14-164-312. Bonds generally — Trust indenture
§ 14-164-313. Bonds generally — Contents
§ 14-164-314. Bonds generally — Execution
§ 14-164-315. Bonds generally — Sale
§ 14-164-316. Bonds generally — Pledge of taxes generally
§ 14-164-317. Bonds generally — Pledge and collection of ad valorem taxes
§ 14-164-318. Bonds generally — Successive issues
§ 14-164-319. Bonds generally — Mortgage lien — Definition
§ 14-164-320. Bonds generally — Liability
§ 14-164-321. Bonds generally — Tax exemption
§ 14-164-322. Bonds generally — Multipurpose bonds
§ 14-164-323. Bonds generally — Interim borrowing
§ 14-164-325. Taxes not state revenues
§ 14-164-326. Capital improvement bonds — Hotel and restaurant tax
§ 14-164-327. Capital improvement bonds — Local sales and use tax — Levy
§ 14-164-328. Capital improvement bonds — Local sales and use tax — Election to authorize
§ 14-164-332. Capital improvement bonds — Local sales and use tax — Pledge
§ 14-164-333. Capital improvement bonds — Local sales and use tax — Administration, collection, etc
§ 14-164-334. Capital improvement bonds — Local sales and use tax — Single transactions
§ 14-164-335. Capital improvement bonds — Local sales and use tax — Reports
§ 14-164-336. Local Sales and Use Tax Trust Fund
§ 14-164-337. Pledge of preexisting sales and use tax
§ 14-164-338. Alternative to issuance of bonds
§ 14-164-339. Simultaneous pledge of local sales and use tax
§ 14-164-340. Alternative to issuance of bonds — Criminal justice projects — Definition