(a) It is declared that each board created pursuant to this subchapter will be performing public functions and will be a public instrumentality of the county creating the board. Accordingly, all properties at any time owned by the board and the income therefrom shall be exempt from all taxation in the State of Arkansas.
(b) Bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
Structure Arkansas Code
Subtitle 14 - Solid Waste Disposal, Waterworks, And Sewers Generally
Chapter 238 - Rural Waterworks Facilities Boards
§ 14-238-102. Legislative intent
§ 14-238-104. Provisions supplemental
§ 14-238-105. Construction of chapter
§ 14-238-106. Creation of boards
§ 14-238-107. Board names — Powers
§ 14-238-108. Members — Compensation
§ 14-238-110. Meetings — Quorum — Actions — Records
§ 14-238-112. Acquisition of property
§ 14-238-114. Issuance of bonds — Procedure
§ 14-238-115. Bonds for refunding obligations
§ 14-238-116. Payment of bonds
§ 14-238-117. Bonds may impose mortgage lien
§ 14-238-119. Bonds as obligation of issuing board
§ 14-238-120. Bonds tax exempt