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Arkansas Statutes, Title 14

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Arkansas/Statutes

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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

12 sections·Filtered byTitle 14✕Ch 204✕

Ark. Code Ann. § 14-204-101 Title
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This chapter may be referred to and may be cited as the “Municipalities and Counties Hydroelectric Power Development Revenue Bond Law.”
Ark. Code Ann. § 14-204-102 Definitions
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(1) As used in this chapter, unless the context otherwise requires:(1) “Construct” means to acquire or build, in whole or in part, in such manner and by such method, including contracting therefor, and, if the latter, by negotiation or bidding upon such terms and pursuant to such…
Ark. Code Ann. § 14-204-103 Construction
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(a) This chapter shall be liberally construed to accomplish the purposes hereof and shall be the sole act and authority necessary to be complied with. (b) This chapter and the authority conferred by it shall be supplemental to all other authority set forth in any other act.
Ark. Code Ann. § 14-204-104 Authorization to own and operate hydroelectric power project — Contracts to supply energy
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(a) Any municipality and any county is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise deal in or dispose of, or make loans to finance the acquisition, construction, reconstruction, exte…

Ark. Code Ann. § 14-204-105 Authorization to issue bonds

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(a) Municipalities and counties are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-204-104 and are authorized to issue revenue bonds and to use the proceeds thereof for the accomplishment of the purposes set forth in § 14-204-104…

Ark. Code Ann. § 14-204-106 Revenue bonds generally

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(a) (1) Revenue bonds authorized in this chapter may be issued by a municipality upon the adoption of an ordinance therefor by the governing body of the municipality. Revenue bonds authorized by this chapter may be issued by a county upon order of the county court of the county.(…

Ark. Code Ann. § 14-204-107 Nature of bond indebtedness — Payment from revenue of project — Use of excess revenue

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(a) (1) Revenue bonds shall not be general obligations of the municipality or county but shall be special obligations, and in no event shall the revenue bonds constitute an indebtedness of the municipality or county within the meaning of any constitutional or statutory limitation…

Ark. Code Ann. § 14-204-108 Refunding bonds

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(a) Revenue bonds may be issued under this chapter for the purpose of refunding any obligations issued under this chapter. Such refunding bonds may be combined with bonds issued under the provisions of § 14-204-105 into a single issue. (b) When bonds are issued under this section…

Ark. Code Ann. § 14-204-109 Mortgage lien — Default — Receiver

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(a) The ordinance, order, or indenture referred to § 14-204-106 may, but need not, impose a foreclosable mortgage lien upon the facilities acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds of bonds issued under this chap…

Ark. Code Ann. § 14-204-110 Application for licenses, permits, certificates, and approvals

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(a) Municipalities and counties proceeding under this chapter are authorized to apply to the appropriate agencies of the state, the United States or any state thereof, and to any other proper agency for such licenses, permits, certificates, or approvals as may be necessary, and t…

Ark. Code Ann. § 14-204-111 Bonds — Tax exemption

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Bonds issued under the provisions of this chapter shall be exempt from all state, county, and municipal taxes. This exemption includes income, property, and inheritance taxes.

Ark. Code Ann. § 14-204-112 Investment of public funds in bonds

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Any public funds may be invested in revenue bonds issued under the provisions of this chapter. Revenue bonds issued under this chapter shall be eligible to secure the deposit of public funds.