The revenue bonds shall be exempt from all taxation, state, county, and municipal. This exemption includes income taxation and inheritance taxation.
Structure Arkansas Code
Subtitle 14 - Solid Waste Disposal, Waterworks, And Sewers Generally
Chapter 234 - Waterworks and Water Supply
Subchapter 2 - Purchase and Construction
§ 14-234-203. Authority of municipalities
§ 14-234-204. Authority of cities and towns — Use of revenues
§ 14-234-205. Ordinance for issuance of bonds — Contents
§ 14-234-207. Bonds — Amount — Negotiability — Execution — Sale
§ 14-234-208. Lien in favor of bondholders — Enforcement — Appointment of receiver upon default
§ 14-234-209. Accounts — Audit — Treasurer as custodian of fund — Fund separated from city funds
§ 14-234-210. Allocation of specific portion of issue of bonds to particular project
§ 14-234-211. Acceleration of maturities — Priorities between bond issues — Execution of indenture
§ 14-234-212. Issuance of bonds to construct improvements
§ 14-234-213. Exchange of unpaid water revenue certificates for refunding bonds
§ 14-234-214. Rates — Disposition of surplus funds