(a) All cities qualifying under this chapter are authorized to finance improvements of airport facilities as provided in any manner not inconsistent with the Arkansas Constitution and in accordance with any such finance method including, but not limited to, the issuance of bonds, borrowing money, and the allocation of other available municipal funds authorized cities of the first class in the necessary functions of municipal affairs.
(b) Bonds issued under the authority of this chapter shall bear interest at rate or rates as the ordinance authorizing their issuance may provide.
Structure Arkansas Code
Subtitle 22 - Airport Facilities Generally
Chapter 359 - Municipal Airport Commissions
§ 14-359-103. Authority to create
§ 14-359-104. Creation of commission
§ 14-359-105. Appointment of commissioners
§ 14-359-106. Removal of commissioners
§ 14-359-107. Salary of commissioners
§ 14-359-108. Meetings of commission
§ 14-359-109. Authority of commissioners
§ 14-359-110. Vesting of authority in commissioners
§ 14-359-111. Financing of improvements
§ 14-359-113. Zoning regulations
§ 14-359-114. Rules and regulations
§ 14-359-115. Additional powers of commissioners
§ 14-359-116. Estimate of funds required
§ 14-359-117. Use of operational revenue
§ 14-359-118. Records and reports
§ 14-359-119. Civil service not applicable