(a) Each authority shall be exempt from the payment of any taxes or fees to the state, or any subdivision thereof, or to any office or employee of the state, or of any subdivision thereof.
(b)
(1) The property of each authority shall be exempt from all local and municipal taxes.
(2) Bonds, notes, debentures, and other evidence of indebtedness of the authority are declared to be issued for a public purpose and to be public instrumentalities and, together with interest thereon, shall be exempt from taxes.
Structure Arkansas Code
Subtitle 22 - Airport Facilities Generally
Chapter 362 - Regional Airports
Subchapter 1 - General Provisions
§ 14-362-103. Establishment of authorities
§ 14-362-104. Authority as public corporation
§ 14-362-105. Appointment of board
§ 14-362-106. Vacancy on board
§ 14-362-107. Compensation prohibited — Reimbursement of expenses
§ 14-362-108. Facilities authorized
§ 14-362-109. Powers of authority generally
§ 14-362-110. Issuance of revenue bonds — Authorization
§ 14-362-111. Issuance of revenue bonds — Resolution of authority — Nature of bonds
§ 14-362-112. Issuance of revenue bonds — Indenture
§ 14-362-113. Issuance of revenue bonds — Price and manner sold
§ 14-362-114. Issuance of revenue bonds — Execution
§ 14-362-115. Issuance of revenue bonds — Obligation of authority
§ 14-362-116. Issuance of revenue bonds — Refunding bonds
§ 14-362-117. Issuance of revenue bonds — Mortgage lien
§ 14-362-118. Issuance of revenue bonds — Default
§ 14-362-119. Agreements to obtain funds
§ 14-362-120. Acquisition of property
§ 14-362-121. Exemption from taxation
§ 14-362-122. Use of surplus funds
§ 14-362-123. Public and private contributions
§ 14-362-124. Accounts and reports
§ 14-362-125. County, municipal, and state authority
§ 14-362-126. Lease of facilities
§ 14-362-128. Workers' compensation
§ 14-362-129. Existing authorities
§ 14-362-130. Authorized investors
§ 14-362-132. Exemption from annexation and municipal regulation — Definition