(a) All bonds issued under this subchapter and interest on the bonds shall be exempt from all taxes of the State of Arkansas, including income, inheritance, and property taxes.
(b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 2 - Land and Water Resources Generally
Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987
§ 15-22-704. Powers of commission
§ 15-22-705. Waste disposal and pollution abatement facilities bonds — Authority to issue
§ 15-22-706. Bonds — Principal amount
§ 15-22-707. Bonds — Approval of Governor
§ 15-22-708. Bonds — Purpose of issuance and application of proceeds
§ 15-22-710. Bonds — Individual series
§ 15-22-711. Bonds — Authorizing resolution, trust indenture, and selection of projects
§ 15-22-712. Bonds — Execution and delivery
§ 15-22-713. Bonds — Sale after notice
§ 15-22-714. Bonds as general obligations of state — Pledge of revenues
§ 15-22-715. Payment of debt service — Transfer and use of funds
§ 15-22-716. Tax exemption — Legal investment
§ 15-22-717. Contract not to be impaired — Remedies of bondholder
§ 15-22-718. Creation of rights
§ 15-22-719. Deposit of proceeds of sale of bonds