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95 chapters · 3,921 sections in this title.
Ark. Code Ann. § 23-18-909 Storm recovery bonds not public debt — Legal investments
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(a) (1) Storm recovery bonds are not a debt or a general obligation of the state or any of its political subdivisions, agencies, or instrumentalities and are not a charge on their full faith and credit.(2) An issue of storm recovery bonds does not, directly or indirectly or conti…
Ark. Code Ann. § 23-18-910 Tax treatment
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(1) The Arkansas state income tax treatment of the following events will conform to the federal income tax treatment of the events:(1) A utility's receipt of a financing order that creates storm recovery property for the benefit of the utility;(2) The utility's receipt of cash or…
Ark. Code Ann. § 23-18-911 State pledge — Definition
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(a) For purposes of this section, the term “bondholder” means a person who holds, owns, or is the beneficial holder or owner of a storm recovery bond. (b) (1) The state and its agencies, including the Arkansas Public Service Commission, pledge to and agree with bondholders, the o…
Ark. Code Ann. § 23-18-912 Assignee or financing party not a utility
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An assignee or financing party shall not be considered a utility or person providing electric or natural gas service by virtue of engaging in the transactions described in this subchapter.