Each public body created under this subchapter will be performing functions and will be a public instrumentality of the participating public agencies. Accordingly, all properties at any time owned by the public body, and the income therefrom, shall be exempt from all taxation in the state.
Structure Arkansas Code
Chapter 20 - Interlocal Cooperation Act
Subchapter 3 - Consolidated Waterworks Systems
§ 25-20-303. Contributions of public agency properties
§ 25-20-304. Board of commissioners
§ 25-20-305. Powers and duties of board of commissioners
§ 25-20-306. General powers of public body
§ 25-20-307. Operation of consolidated waterworks system — Definition
§ 25-20-308. Out-of-area sales and services
§ 25-20-310. Improvements — Financing with bonds
§ 25-20-311. Lien in favor of bondholders
§ 25-20-313. Securing deposit of public funds
§ 25-20-314. No personal liability
§ 25-20-315. Recreational use of property
§ 25-20-317. Tax exempt status of property owned and income
§ 25-20-320. Payments in lieu of taxes
§ 25-20-321. Annual report and audit