Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes. This exemption includes income and estate taxes.
Structure Arkansas Code
Title 20 - Public Health and Welfare
Chapter 48 - Treatment of Persons With Developmental Disabilities
Subchapter 5 - Human Development Centers — Property and Finances
§ 20-48-501. Liberal construction — Act supplemental
§ 20-48-502. Authority to acquire properties
§ 20-48-503. Authority to issue revenue bonds and use available funds and revenues
§ 20-48-504. Procedure for issuing revenue bonds
§ 20-48-505. Liability of Board of Developmental Disabilities Services for bonds
§ 20-48-506. Nonliability of board members for bonds — Exception
§ 20-48-507. Revenue bonds secured by pledge of gross charges and surplus charges — Definition
§ 20-48-508. Issuance of refunding bonds
§ 20-48-509. Taxation of bonds
§ 20-48-510. Municipalities, boards, commissions, etc., authorized to invest in bonds
§ 20-48-511. Developmental disabilities — Timber sales proceeds — Capital improvements and equipment