(a)
(1) This subchapter shall be liberally construed to accomplish its intent and purposes and shall be the sole authority required for the accomplishment of its purposes, and to this end it shall not be necessary to comply with the provisions of other laws relating to the issuance and sale of the bonds authorized by this subchapter.
(2) This subchapter shall be construed as an additional and alternative method for the issuance and sale of bonds.
(b) An authority shall not be subject to Arkansas Public Service Commission regulatory authority.
Structure Arkansas Code
Chapter 20 - Interlocal Cooperation Act
Subchapter 4 - Arkansas Municipal Electric Utility Interlocal Cooperation Act of 2003
§ 25-20-404. Powers and duties of board of commissioners
§ 25-20-405. Powers of authority
§ 25-20-409. Lien in favor of bond holders
§ 25-20-411. Security deposit of public funds
§ 25-20-412. No personal liability
§ 25-20-414. Tax-exempt status of property owners and income
§ 25-20-416. No public utility status
§ 25-20-417. Annual report and audit
§ 25-20-418. Provisions supplemental and controlling
§ 25-20-421. Effect of other laws
§ 25-20-423. Termination or dissolution