(a) Each authority, when created, and the members thereof, shall constitute a public corporation and, as such, shall have perpetual succession, may contract and be contracted with, may sue and be sued, and may have and use a common seal.
(b) The exercise of the powers and performance of duties provided for in this chapter by each authority are declared to be public and governmental functions, exercised for a public purpose and matters of public necessity, conferring upon each authority governmental immunity from suit in tort.
Structure Arkansas Code
Subtitle 20 - Public Transit Systems Generally
Chapter 334 - Public Transit Systems Generally
§ 14-334-103. Creation of authorities
§ 14-334-104. Authority as public corporation
§ 14-334-105. System authorized
§ 14-334-106. Systems declared public properties
§ 14-334-107. Board of authority
§ 14-334-108. Powers generally
§ 14-334-109. Issuance of revenue bonds
§ 14-334-110. Security for bonds
§ 14-334-111. Refunding bond issue
§ 14-334-112. Investment of revenue bonds
§ 14-334-113. Bonds — Tax exemption
§ 14-334-114. Public and private contributions permitted