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Arkansas Statutes, Title 14

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Title 14, Local Government

192 chapters · 4,300 sections in this title.

All chapters in Title 144,300 Ch 164, Industrial Development Bonds144 Ch 14, County Government Code135 Ch 169, Housing Authorities And Urban Renewa…120 Ch 120, Drainage and Levee Improvement Distr…119 Ch 121, Drainage Improvement Districts Generally111 Ch 54, Powers of Municipalities Generally92 Ch 234, Waterworks and Water Supply92 Ch 86, General Provisions89 Ch 125, Conservation Districts Law81 Ch 90, Assessments by Municipal Improvement…72 Ch 284, Fire Protection Districts71 Ch 15, Officers69 Ch 201, Municipal Boards And Commissions67 Ch 92, Suburban Improvement Districts59

30 sections·Filtered byTitle 14✕Ch 143✕

Ark. Code Ann. § 14-143-101 Title
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This chapter may be cited as the “Regional Intermodal Facilities Act.”
Ark. Code Ann. § 14-143-102 Definitions
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(1) As used in this chapter:(1) “Authority” means any authority created under the provisions of this chapter;(2) “Basic local exchange service” means the service provided to the premises of residential or business customers composed of the following:(A) Voice grade access to the …
Ark. Code Ann. § 14-143-103 Establishment of authorities
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(a) (1) Any two (2) or more municipalities, any two (2) or more contiguous counties, or any one (1) or more municipalities together with any one (1) or more contiguous counties, are authorized to create and establish an authority as prescribed in this chapter for the purpose of a…
Ark. Code Ann. § 14-143-104 Authority as public corporation
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(a) Each authority when created, and the members thereof, shall constitute a public corporation and, as such, shall have perpetual succession, may contract and be contracted with, sue and be sued, and have and use a common seal. (b) The exercise of the powers and performance of d…

Ark. Code Ann. § 14-143-105 Appointment of board

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(a) Subject to such limitations as may be contained in the agreement provided for in § 14-143-103, the management and control of each authority and its property, operations, business, and affairs shall be lodged in a board of not less than six (6) nor more than twenty-four (24) p…

Ark. Code Ann. § 14-143-106 Vacancy on board

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(a) If any member of an authority dies, resigns, is removed, or for any other reason ceases to be a member of the authority, the mayor or the county judge, as appropriate to the governmental unit which the member represented, shall appoint another person to fill the unexpired por…

Ark. Code Ann. § 14-143-107 Compensation prohibited — Reimbursement of expenses

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(a) No member of the board of an authority shall receive any compensation, whether in form of salary, per diem allowance, or otherwise, for or in connection with his services as a member. (b) Each member shall, however, be entitled to reimbursement by the authority for any necess…

Ark. Code Ann. § 14-143-108 Facilities authorized

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Each authority is authorized and empowered to acquire, equip, construct, maintain, and operate an intermodal facility and appurtenant facilities or properties so located to best serve the region in which they are located. Each authority is further authorized and empowered to acqu…

Ark. Code Ann. § 14-143-109 Powers of authority generally

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(a) Each authority is given power and authority as follows:(1) To make and adopt all necessary bylaws, rules, and regulations for its organization and operations not inconsistent with law;(2) To elect its own officers, to appoint committees, and to employ and fix the compensation…

Ark. Code Ann. § 14-143-110 Issuance of revenue bonds — Authorization

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(a) Authorities are authorized to use any available revenues for the accomplishment of the purposes and the implementation of the powers authorized by this chapter, including the proceeds of revenue bonds issued from time to time pursuant to the provisions of this chapter, either…

Ark. Code Ann. § 14-143-111 Issuance of revenue bonds — Resolution of authority — Nature of bonds

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(a) The issuance of revenue bonds shall be by resolution of the authority. (b) The bonds of each issue may:(1) Be coupon bonds payable to bearer or may be registrable as to principal only or as to both principal and interest;(2) Be in such form and denominations;(3) Be made payab…

Ark. Code Ann. § 14-143-112 Issuance of revenue bonds — Indenture

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(a) The resolution authorizing the bonds may provide for the execution by the authority of an indenture which defines the rights of the holders and registered owners of the bonds and provides for the appointment of a trustee for the holders and registered owners of the bonds. (b)…

Ark. Code Ann. § 14-143-113 Issuance of revenue bonds — Price and manner sold

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The bonds may be sold for such price, including sale at a discount, and in such manner as the authority may determine by resolution.

Ark. Code Ann. § 14-143-114 Issuance of revenue bonds — Execution

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(a) (1) The bonds shall be executed by the manual or facsimile signatures of the chairman and secretary of the authority.(2) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before the delivery of the bonds or coupons, th…

Ark. Code Ann. § 14-143-115 Issuance of revenue bonds — Obligation of authority

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(a) The revenue bonds issued under this chapter shall be obligations only of the authority and shall not be general obligations of any county or municipality, or the state. (b) (1) In no event shall the revenue bonds constitute an indebtedness of any county or municipality, or th…

Ark. Code Ann. § 14-143-116 Issuance of revenue bonds — Refunding bonds

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(a) (1) Revenue bonds may be issued under this chapter for the purpose of refunding any obligations issued under this chapter.(2) The refunding bonds may be combined with bonds issued into a single issue. (1) Revenue bonds may be issued under this chapter for the purpose of refun…

Ark. Code Ann. § 14-143-117 Issuance of revenue bonds — Mortgage lien

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(a) The resolution or indenture securing the bonds may impose a forecloseable mortgage lien upon or security interest in the facilities of the authority, or any portion thereof, and the extent of the mortgage lien or security interest may be controlled by the resolution or indent…

Ark. Code Ann. § 14-143-118 Issuance of revenue bonds — Default

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(a) (1) In the event of a default in the payment of the principal of or interest on any bonds issued under this chapter, any court having jurisdiction may appoint a receiver to take charge of any facilities upon or in which there is a mortgage lien or security interest securing t…

Ark. Code Ann. § 14-143-119 Agreements to obtain funds

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Each authority may, in connection with obtaining funds for its purposes, enter into any agreement with any person, firm, or corporation including the federal government, or any agency or subdivision thereof, containing such provisions, covenants, terms, and conditions as the auth…

Ark. Code Ann. § 14-143-120 Acquisition of property

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(a) Whenever it shall be deemed necessary by an authority, in connection with the exercise of its powers conferred in this chapter, to take or acquire any lands, structures, buildings, or other rights, either in fee or as easements, for the purposes set forth in this chapter, the…

Ark. Code Ann. § 14-143-121 Exemption from taxation

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(a) Each authority shall be exempt from the payment of any taxes or fees to the state, or any subdivision thereof, or to any office or employee of the state, or of any subdivision thereof; however, each authority shall withhold and remit state income taxes as prescribed by the Ar…

Ark. Code Ann. § 14-143-122 Use of surplus funds

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(a) If an authority should realize a surplus, whether from operating the intermodal facilities and other facilities or leasing it or them for operation, over and above the amount required for the maintenance, improvement, and operation of the intermodal facility and other facilit…

Ark. Code Ann. § 14-143-123 Public and private contributions

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(a) Contributions may be made to authorities from time to time by the counties, municipalities, and the state and persons, firms, or corporations that shall desire to do so. (b) In order to afford maximum opportunities for contributions, the agreement provided for under § 14-143-…

Ark. Code Ann. § 14-143-124 Accounts and reports

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(a) (1) All funds received by an authority shall be deposited in such banks as the authority may direct and shall be withdrawn therefrom in such manner as the authority may direct.(2) (A) Each authority shall keep strict account of all of its receipts and expenditures and shall e…

Ark. Code Ann. § 14-143-125 County, municipal, and state authority

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(a) Counties and municipalities are authorized and empowered to appoint members of the authorities and counties, municipalities, and the state are authorized and empowered to contribute to the cost of acquiring, constructing, equipping, maintaining, and operating the regional int…

Ark. Code Ann. § 14-143-126 Lease of facilities

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(a) Each authority may lease its intermodal facilities and all or any part of its appurtenances and facilities to any available lessee at such rental and upon such terms and conditions as the authority shall deem proper. (b) Leases shall be for some purpose associated with interm…

Ark. Code Ann. § 14-143-127 Sale of assets

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In the event the board shall so determine, any authority may make sale of all or any part of its properties and assets and distribute the proceeds among the participating municipalities and the counties in the proportion each such unit contributed to the authority's funds or othe…

Ark. Code Ann. § 14-143-128 Authorized investors

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Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any such municipality, or the board o…

Ark. Code Ann. § 14-143-129 Construction

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(1) This chapter shall be liberally construed to accomplish its intent and purposes and shall be the sole authority required for the accomplishment of its purpose. To this end:(1) It shall not be necessary to comply with the general provisions of other laws dealing with public fa…

Ark. Code Ann. § 14-143-130 Funding for regional intermodal facilities

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(a) The Arkansas Department of Transportation shall distribute the first five hundred twenty-five thousand dollars ($525,000) of interest income received under § 27-70-204 each year from the Arkansas Department of Transportation Fund. The moneys shall be:(1) Equally distributed t…