Arkansas Code
Subtitle 8 - Public Facilities Generally
Chapter 144 - Research Park Authority Act

Subchapter 1 - Intent and Definitions

§ 14-144-101. Title - This chapter may be cited as the “Research Park Authority...

§ 14-144-102. Legislative intent - (a) (1) It is the intent of the General Assembly...

§ 14-144-103. Definitions - As used in this chapter: (1) “Accredited institution of higher...

§ 14-144-104. Construction - (a) This chapter shall be liberally construed to accomplish its...

Subchapter 2 - Powers of Research Park Authority

§ 14-144-201. Research park authority — Creation - (a) (1) A research park authority: (A) Shall have as...

§ 14-144-202. Public corporation - (a) Upon creation of a research park authority: (1) The...

§ 14-144-203. Research park authority board - (a) Subject to any limitations created in the agreement required...

§ 14-144-204. Powers of research park authority board - (a) Each research park authority board is given the following...

§ 14-144-205. Eminent domain - (a) A research park authority shall have the right to...

§ 14-144-206. Condemnation petition — Notice - (a) A research park authority may exercise its power of...

§ 14-144-207. Declaration of taking - (a) (1) The petitioner may file a declaration of taking...

§ 14-144-208. Condemnation proceedings and judgment - (a) The circuit court shall impanel a jury of twelve...

§ 14-144-209. Acquisition of property - (a) Whenever it is deemed necessary by a research park...

Subchapter 3 - Finance

§ 14-144-301. Issuance of revenue bonds — Authorization - (a) A research park authority may use any available revenues...

§ 14-144-302. Issuance of revenue bonds — Resolution of research park authority — Nature of bonds - (a) The issuance of revenue bonds shall be by resolution...

§ 14-144-303. Issuance of revenue bonds — Indenture - (a) The resolution authorizing the bonds may provide for the...

§ 14-144-304. Issuance of revenue bonds — Price and manner sold - The bonds may be sold for a price, including sale...

§ 14-144-305. Issuance of revenue bonds — Execution - (a) (1) The bonds shall be executed by the manual...

§ 14-144-306. Issuance of revenue bonds — Obligation of research park authority - (a) The revenue bonds issued under this chapter shall be...

§ 14-144-307. Issuance of revenue bonds — Refunding bonds - (a) (1) Revenue bonds may be issued under this chapter...

§ 14-144-308. Issuance of revenue bonds — Mortgage lien - (a) The resolution or indenture securing the bonds may impose...

§ 14-144-309. Issuance of revenue bonds — Default - (a) (1) In the event of a default in the...

§ 14-144-310. Agreements to obtain funds - In connection with obtaining funds for its purposes, a research...

§ 14-144-311. Exemption from taxation - (a) The property of each research park authority is exempt...

§ 14-144-312. Use of surplus funds - (a) If a research park authority realizes a surplus, whether...

§ 14-144-313. Public and private contributions - (a) Contributions may be made to a research park authority...

§ 14-144-314. Accounts and reports - (a) (1) All funds received by a research park authority...

§ 14-144-315. County, municipal, and state participation - A county, municipality, accredited institution of higher education, and state...

§ 14-144-316. Lease of facilities - (a) Each research park authority may lease its research park...

§ 14-144-317. Sale of assets - If the board of a research park authority so determines,...

§ 14-144-318. Authorized investors - Any county or municipality or any board, commission, or other...