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Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law
§ 14-164-201. Title - This subchapter shall be referred to and may be cited...
§ 14-164-202. Purpose - This subchapter is intended to supplement all constitutional provisions and...
§ 14-164-203. Definitions - As used in this subchapter: (1) “Construct” means to acquire...
§ 14-164-204. Construction - (a) This subchapter shall be liberally construed to accomplish its...
§ 14-164-205. Authority to develop industry - Any municipality or any county is authorized to own, acquire,...
§ 14-164-206. Authority to issue revenue bonds - (a) Municipalities and counties are authorized to use any available...
§ 14-164-207. Applicability of §§ 14-164-208 — 14-164-216, and 14-164-218 - The provisions of this section and §§ 14-164-208 — 14-164-216...
§ 14-164-208. Adoption of bond ordinance or order - (a) (1) Revenue bonds authorized by this subchapter may be...
§ 14-164-209. Bonds — Issuance — Authorizing resolution - (a) The issuance of revenue bonds shall be by an...
§ 14-164-210. Bonds — Terms and conditions - (a) The bonds may be in bearer or registered form,...
§ 14-164-211. Bonds — Trust indenture, lease, etc - (a) The ordinance or order may provide for the execution...
§ 14-164-212. Bonds and coupons — Execution - (a) (1) (A) The bonds shall be executed by the...
§ 14-164-213. Bonds — Sale - The bonds may be sold for such price, including, without...
§ 14-164-214. Bonds — Conversion - The municipality or the county may make provision in the...
§ 14-164-215. Bonds — Successive issues - There may be successive bond issues for the purpose of...
§ 14-164-216. Bonds — Priority among issues - Priority between and among issues and successive issues as to...
§ 14-164-217. Bonds — Payment - (a) (1) Revenue bonds issued under this subchapter shall not...
§ 14-164-218. Bonds — Interim financing - (a) If the issuance of bonds is authorized in accordance...
§ 14-164-219. Refunding bonds - (a) (1) Revenue bonds may be issued under this subchapter...
§ 14-164-220. Statutory mortgage lien - (a) (1) The ordinance, order, or indenture referred to in...
§ 14-164-221. Default in payment of bonds - (a) In the event of a default in the payment...
§ 14-164-222. Bonds — Tax exemption - (a) Bonds issued under the provisions of this subchapter shall...
§ 14-164-223. Public investment - (a) Any municipality or any board, commission, or other authority...
§ 14-164-224. No utility acquisition by municipality - Nothing in this subchapter shall be construed to authorize any...
Subchapter 3 - Local Government Bond Act
§ 14-164-301. Title - This subchapter shall be referred to and may be cited...
§ 14-164-302. Legislative intent - The people of the State of Arkansas by the adoption...
§ 14-164-303. Definitions - As used in this subchapter: (1) “Bonds” means bonds issued...
§ 14-164-304. Construction - This subchapter shall be construed liberally to effectuate the legislative...
§ 14-164-305. Subchapter supplemental - (a) It is the specific intent of this subchapter that...
§ 14-164-306. Venue - For the purposes of this subchapter, when it is necessary...
§ 14-164-307. Financing of economic development projects - To provide for the financing of economic development projects, municipalities...
§ 14-164-308. Bonds generally — Authorizing ordinance - Whenever a legislative body determines the need to issue bonds...
§ 14-164-309. Bonds generally — Election to authorize issuance - (a) The question of the issuance of such bonds shall...
§ 14-164-310. Bonds generally — Terms and conditions - (a) As the ordinance or trust indenture as authorized in...
§ 14-164-311. Bonds generally — Interest rates - Bonds may bear the rate or rates of interest that...
§ 14-164-312. Bonds generally — Trust indenture - (a) The ordinance authorizing the bonds may provide for the...
§ 14-164-313. Bonds generally — Contents - It shall be plainly stated on the face of each...
§ 14-164-314. Bonds generally — Execution - The bonds shall be executed in the manner provided by...
§ 14-164-315. Bonds generally — Sale - Bonds may be sold at public or private sale for...
§ 14-164-316. Bonds generally — Pledge of taxes generally - The bonds shall be secured by, and contain a pledge...
§ 14-164-317. Bonds generally — Pledge and collection of ad valorem taxes - (a) The ad valorem tax pledged for payment of bonds...
§ 14-164-318. Bonds generally — Successive issues - There may be successive bond issues for the purpose of...
§ 14-164-319. Bonds generally — Mortgage lien — Definition - (a) The ordinance or trust indenture authorized in § 14-164-310...
§ 14-164-320. Bonds generally — Liability - No officer, employee, or member of the legislative body of...
§ 14-164-321. Bonds generally — Tax exemption - Bonds and notes issued under the provisions of this subchapter...
§ 14-164-322. Bonds generally — Multipurpose bonds - (a) When bonds are to be issued for more than...
§ 14-164-323. Bonds generally — Interim borrowing - (a) If the issuance of bonds is authorized in accordance...
§ 14-164-324. Refunding bonds - (a) Bonds may be issued under this subchapter for the...
§ 14-164-325. Taxes not state revenues - It is the express intent of the General Assembly that...
§ 14-164-326. Capital improvement bonds — Hotel and restaurant tax - (a) Any municipality levying a tax upon the gross receipts...
§ 14-164-327. Capital improvement bonds — Local sales and use tax — Levy - (a) (1) In lieu of or in addition to the...
§ 14-164-328. Capital improvement bonds — Local sales and use tax — Election to authorize - (a) (1) (A) On the date of adoption of an...
§ 14-164-329. Capital improvement bonds — Local sales and use tax — Effective dates for imposition and termination of tax levy - (a) The levy of a local sales and use tax...
§ 14-164-330. Capital improvement bonds — Local sales and use tax — Notice to Secretary of the Department of Finance and Administration - As soon as is feasible and no later than ten...
§ 14-164-331. Capital improvement bonds — Local sales and use tax — Alteration of municipal boundaries - If a municipality in which a local sales and use...
§ 14-164-332. Capital improvement bonds — Local sales and use tax — Pledge - (a) Any moneys collected under this subchapter by the director...
§ 14-164-333. Capital improvement bonds — Local sales and use tax — Administration, collection, etc - (a) (1) A sales and use tax levied pursuant to...
§ 14-164-334. Capital improvement bonds — Local sales and use tax — Single transactions - (a) Any sales and use tax levied pursuant to this...
§ 14-164-335. Capital improvement bonds — Local sales and use tax — Reports - Vendors collecting, reporting, and remitting such sales and use taxes...
§ 14-164-336. Local Sales and Use Tax Trust Fund - (a) There is created a trust fund for the remittance...
§ 14-164-337. Pledge of preexisting sales and use tax - (a) In any municipality or county which has in effect...
§ 14-164-338. Alternative to issuance of bonds - (a) If a legislative body determines that a sales and...
§ 14-164-339. Simultaneous pledge of local sales and use tax - (a) (1) A municipality levying a local sales and use...
§ 14-164-340. Alternative to issuance of bonds — Criminal justice projects — Definition - (a) In addition to the options provided for by §...
§ 14-164-341. Bonds for surface transportation projects - (a) The governing body of a municipality or county may...
§ 14-164-342. Net casino gaming receipts tax bonds - (a) The governing body of a municipality or county may...
Subchapter 4 - Local Government Capital Improvement Revenue Bond Act
§ 14-164-401. Title - This subchapter shall be referred to and may be cited...
§ 14-164-402. Definitions - As used in this subchapter: (1) “Bonds” means revenue bonds...
§ 14-164-403. Construction - This subchapter shall be construed liberally to effectuate the legislative...
§ 14-164-404. Subchapter supplemental - It is the specific intent of this subchapter that the...
§ 14-164-405. Bonds — Issuance generally - (a) Municipalities and counties are authorized to issue bonds for...
§ 14-164-406. Bonds — Terms and conditions - (a) As the ordinance or trust indenture which is authorized...
§ 14-164-407. Bonds — Trust indenture - (a) The ordinance authorizing the bonds may provide for the...
§ 14-164-408. Bonds — Contents - It shall be plainly stated on the face of each...
§ 14-164-409. Bonds — Sale - The bonds may be sold at public or private sale...
§ 14-164-410. Bonds — Execution - The bonds shall be executed in the manner provided by...
§ 14-164-411. Bonds — Payment — Security - (a) The principal of and interest on the revenue bonds...
§ 14-164-412. Bonds — Mortgage lien - (a) The ordinance or trust indenture authorized in §§ 14-164-405...
§ 14-164-413. Bonds — Special obligations - The bonds issued under this subchapter shall not be general...
§ 14-164-414. Bonds — Liability of legislative body's officers, employees, or members - No officer, employee, or member of the legislative body of...
§ 14-164-415. Bonds — Successive issues - There may be successive bond issues for the purpose of...
§ 14-164-416. Bonds — Tax exemption - Bonds issued under the provisions of this subchapter and the...
§ 14-164-417. Alternative financing - Nothing contained in this subchapter shall be deemed to be...
§ 14-164-418. Refunding bonds - (a) Bonds may be issued under this subchapter to refund...
§ 14-164-419. Contract requirements - (a) All services provided by a qualified efficiency engineer in...
Subchapter 5 - Economic and Industrial Development Revenue Bond Law
§ 14-164-501. Title - This subchapter shall be referred to and may be cited...
§ 14-164-502. Legislative findings and determinations - It is found and declared by the General Assembly of...
§ 14-164-503. Purpose and supplemental intent - (a) This subchapter is enacted by the General Assembly in...
§ 14-164-504. Definitions - As used in this subchapter, unless the context otherwise requires:...
§ 14-164-505. Construction — Subchapter controlling - (a) This subchapter shall be liberally construed to accomplish its...
§ 14-164-506. Authority to obtain and develop industry - Any municipality and any county is authorized to own, acquire,...
§ 14-164-507. Bonds — Authorization to issue — Amount - Municipalities and counties are authorized to use any available revenues...
§ 14-164-508. Bonds — Authorizing ordinance or order generally - In the ordinance of the municipality or the order of...
§ 14-164-509. Bonds — Authorizing ordinance or order — Adoption - (a) (1) (A) Revenue bonds authorized in this subchapter may...
§ 14-164-510. Bonds — Terms and conditions - (a) As the ordinance may provide, the bonds issued under...
§ 14-164-511. Bonds — Trust indenture - (a) The ordinance or order may provide for the execution...
§ 14-164-512. Bonds — Contents - It shall be plainly stated on the face of each...
§ 14-164-513. Bonds — Sale - The bonds may be sold for such price, including, without...
§ 14-164-514. Bonds, coupons — Execution - (a) (1) The bonds shall be executed by the mayor...
§ 14-164-515. Bonds — Successive issues - There may be successive bond issues for the purpose of...
§ 14-164-516. Bonds — Priority among issues - Priority between and among issues and successive issues as to...
§ 14-164-517. Bonds — Conversion - The municipality or the county may make provision in the...
§ 14-164-518. Bonds — Payment - The principal of and interest on the revenue bonds, and...
§ 14-164-519. Bonds — Surplus revenues - The municipality or county is authorized to pledge to and...
§ 14-164-520. Bonds — Mortgage lien - (a) The ordinance, order, or indenture referred to in §§...
§ 14-164-521. Bonds — Default — Receiver - (a) In the event of a default in the payment...
§ 14-164-522. Bonds — Special obligations - The bonds issued under the authority of this subchapter shall...
§ 14-164-523. Bonds — Tax exemption - Bonds issued under the provisions of this subchapter shall be...
§ 14-164-524. Interim financing - (a) If the issuance of bonds is authorized in accordance...
§ 14-164-525. Refunding bonds - (a) Revenue bonds may be issued under this subchapter for...
§ 14-164-526. Investment in bonds authorized - Any municipality or county, or any board, commission, or other...
§ 14-164-527. Bonds authorized under other laws - The provisions of this subchapter shall not restrict the issuance,...
§ 14-164-528. Municipality not authorized to acquire utility - Nothing in this subchapter shall be construed to authorize any...
Subchapter 6 - Compacts by Counties for Railroad Operations
§ 14-164-601. Legislative intent - (a) The General Assembly recognizes that: (1) The continued industrial...
§ 14-164-602. Definition - As used in this subchapter, unless the context otherwise requires,...
§ 14-164-603. Authority generally - (a) Any two (2) or three (3) contiguous counties in...
§ 14-164-604. Board of directors - (a) A compact entered into pursuant to the authority granted...
§ 14-164-605. Issuance of bonds - All bonds issued pursuant to a compact entered into under...
§ 14-164-606. Limitations on rail service - (a) Any rail service provided pursuant to this subchapter shall...
Subchapter 7 - Exemptions from Ad Valorem Taxation
§ 14-164-701. Legislative intent - (a) It is declared and confirmed that the securing and...
§ 14-164-702. Applicability - (a) Pursuant to the findings and declarations of the state...
§ 14-164-703. Payments in lieu of taxes - (a) If the Arkansas Development Finance Authority or a county...
§ 14-164-704. Sale of property - (a) (1) (A) When the Arkansas Development Finance Authority or...
Subchapter 8 - Local Government Energy Efficiency Project Bond Act
§ 14-164-801. Title - This subchapter shall be known and may be cited as...
§ 14-164-802. Purpose — Legislative findings - (a) The purpose of this subchapter is to provide financing...
§ 14-164-803. Definitions - As used in this subchapter: (1) “Bonds” means bonds, notes,...
§ 14-164-804. Energy efficiency projects authorized - (a) (1) A municipality or county may enter into a...
§ 14-164-805. Method of solicitation - A solicitation of a guaranteed energy cost savings contract by...
§ 14-164-806. Evaluation of responses to solicitations - (a) In a municipality's or county's evaluation of each qualified...
§ 14-164-807. Guaranteed energy cost savings contract requirements - (a) The following provisions are required in a guaranteed energy...
§ 14-164-808. Bonds — Issuance generally - (a) (1) A municipality or county may issue bonds for...
§ 14-164-809. Bonds — Terms and conditions - (a) As provided by an ordinance or trust indenture authorized...
§ 14-164-810. Bonds — Trust indenture - (a) The ordinance authorizing bonds may provide for the execution...
§ 14-164-811. Bonds — Sale - (a) Bonds may be sold at a public or private...
§ 14-164-812. Bonds — Execution - Bonds shall be executed in the manner provided by the...
§ 14-164-813. Bonds — Payment — Security - (a) The principal of and interest on the bonds may...
§ 14-164-814. Bonds — Energy efficiency project liens - (a) An ordinance or trust indenture authorized under § 14-164-808...
§ 14-164-815. Liability of legislative body's officers, employees, and members - An officer, employee, or member of the legislative body of...
§ 14-164-816. Tax exemption - Bonds and the income on the bonds are exempt from...
§ 14-164-817. Refunding bonds - (a) Bonds may be issued to refund any outstanding bonds...
§ 14-164-818. Applicability - This subchapter: (1) Applies only to municipalities and counties; and...
§ 14-164-819. Subchapter supplemental to other laws - This subchapter is: (1) Supplemental to other laws, and municipalities...
§ 14-164-820. Construction - This subchapter shall be construed liberally to effectuate the legislative...
§ 14-164-821. Rules - A municipality or county may provide by ordinance that the...