Title 27 — Transportation

The compact when signed by the signatories of each state as herein provided shall become binding upon the State of Arkansas and shall be filed in the office of the Secretary of State of Arkansas.

The commission shall have power to apply to the Congress of the United States for its consent and approval of the compact; in the absence of consent of Congress and until the compact shall have been secured, the compact shall be binding upon the State of Arkansas in all respects …

ARKANSAS-MISSISSIPPI GREAT RIVER BRIDGE CONSTRUCTION COMPACT The Chairman of the State Highway Commission of the State of Arkansas, acting on behalf of this state, is authorized to execute a compact, to be known as the “Arkansas-Mississippi Great River Bridge Construction Compact…

(a) The five (5) members to represent the State of Arkansas on the Arkansas-Mississippi Great River Bridge Construction Compact shall be the five (5) members serving on the State Highway Commission established pursuant to the provisions of Arkansas Constitution, Amendment 42, and…

(a) There is granted to the members of the authority for the State of Arkansas, and to the compact administrator, all the powers provided for in the Arkansas-Mississippi Great River Bridge Construction Compact Authority. (b) All officers of the State of Arkansas are authorized an…

(a) When the Chairman of the State Highway Commission shall have executed the compact on behalf of this state and shall cause a verified copy thereof to be filed with the Secretary of State, and when the compact shall have been ratified by the State of Mississippi, then the compa…

The State Highway Commission is authorized to use moneys appropriated for the operation of the Arkansas Department of Transportation for payment of the State of Arkansas's pro rata share of the administrative costs of the compact authority, but shall have no authority to authoriz…

The authority shall have power to apply to the Congress of the United States for its consent and approval of the compact; but in the absence of such consent of Congress and until that consent shall have been secured, the compact shall be binding upon the State of Arkansas in all …

(1) As used in this subchapter, unless the context otherwise requires:(1) “Bonds”, “turnpike revenue bonds”, or “revenue bonds” means revenue bonds or notes of the State Highway Commission authorized under and issued under this subchapter;(2) “Commission” means the State Highway …

(a) The State Highway Commission is authorized and empowered to:(1) (A) Acquire by purchase or exercise of its powers of eminent domain sites and rights-of-way for, and construct, maintain, repair, and operate, turnpike projects at such locations as it shall determine in accordan…

(a) The State Highway Commission is authorized to fix, revise, charge, and collect tolls for the use of each turnpike project and the different parts or sections thereof and to contract with any person, partnership, association, corporation, or organization desiring the use of an…

(a) Revenues derived from any turnpike project that are used to secure revenue bonds shall be deposited into a bank or banks selected by the State Highway Commission. (b) The turnpike project revenues are declared to be cash funds, restricted in their use, and dedicated and to be…

(a) The State Highway Commission may issue turnpike revenue bonds from time to time in principal amounts sufficient to pay the costs of a turnpike project. (b) For a turnpike project:(1) There may be more than one (1) issue of bonds;(2) There may be one (1) issue sold and deliver…

(a) Turnpike revenue bonds shall be authorized by resolution of the State Highway Commission, the authorizing resolution. (b) The bonds may be registrable as to both principal and interest without coupons and may be made exchangeable for bonds of another denomination. (c) The bon…

(a) The authorizing resolution may provide for the execution by the State Highway Commission with a bank or trust company within or without the State of Arkansas of a trust indenture. (b) The trust indenture may control the priority between and among successive issues and series …

(a) Bonds issued under this subchapter may be sold at public or private sale, as determined by the State Highway Commission. (b) If sold at public sale, the bonds shall be sold on electronic or sealed bids, and notice of the sale shall be published one (1) time in a newspaper pub…

(a) Bonds shall be executed by the manual or facsimile signatures of the chair of the State Highway Commission and the secretary of the commission or otherwise as specified in the resolution authorizing the bonds. (b) In case any of the officers or the secretary whose signatures …

(a) It shall be plainly stated on the face of each bond that it has been issued under this subchapter, and the bonds issued shall be obligations only of the State Highway Commission and shall be special obligations, secured solely by pledges of turnpike project revenues or specif…

(a) (1) The principal of and interest on all bonds issued under this subchapter shall be secured by a pledge of, and shall be payable from turnpike project revenues.(2) The pledge of revenues to the payment of the principal of and interest on the bonds shall be valid and binding …

(a) Revenue bonds may be issued for the purpose of refunding any bonds issued under this subchapter. (b) Refunding bonds may be combined into a single issue with revenue bonds issued for the purpose of completing, reconstructing, or extending the turnpike project. (c) Refunding b…

(a) Revenue bonds issued under this subchapter are made securities in which all insurance companies, trust companies, banks, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control …

(a) The principal of and interest on bonds issued under this subchapter shall be exempt from all state, county, and municipal taxes, and this exemption shall include income, inheritance, and estate taxes. (b) All turnpike projects and all the properties thereof are legislatively …

(a) (1) This subchapter shall be construed liberally.(2) All acts and activities authorized by this subchapter are legislatively determined and declared to be essential governmental functions. (1) This subchapter shall be construed liberally. (2) All acts and activities authorize…

(a) This subchapter shall be known and may be cited as the “Arkansas Motorboat Registration and Titling Act”. (b) The purpose of this subchapter is to establish the requirements and procedures for registering with a certificate of number and titling motorboats manufactured on and…

(a) Chapters 1-99 of this title do not apply to motorboats registered with a certificate of number and titled under this subtitle. (b) This subchapter shall apply only to motorboats manufactured on and after January 1, 2020. (c) Section 27-101-101 et seq., § 27-101-201 et seq., §…

It is a Class A misdemeanor for a person to operate upon the waters of this state a motorboat of a type required to be titled under this subchapter that is not registered with a certificate of number under § 27-101-301 et seq., or for which a certificate of title, if applicable, …

(a) The owner of a motorboat manufactured on and after January 1, 2020, shall apply to the Office of Motor Vehicle for the issuance of a certificate of title or a certificate of title with beneficiary under § 27-101-1013, for the motorboat upon the appropriate forms furnished by …

(a) In the event any certificate of title is lost, mutilated, or becomes illegible, the owner or legal representative or successor in interest of the owner of the motorboat for which it was issued, as shown by the records of the Office of Motor Vehicle, shall immediately make app…

(1) A certificate of number or transfer of a certificate of number shall not be issued under § 27-101-301 et seq., nor shall a certificate of title be issued under this subchapter, if:(1) The Office of Motor Vehicle has been provided with information leading the Office of Motor V…

(a) The owner of or person having a lien or encumbrance upon a motorboat that has been stolen or embezzled may notify the Office of Motor Vehicle of the theft or embezzlement, but in the event of an embezzlement, may make a report only after having procured the issuance of a warr…

(1) The Office of Motor Vehicle shall file each application received and issue a certificate of title if all the requirements are properly satisfied and shall register the motorboat with a certificate of number and keep a record of the application by suitable methods ensuring the…

(a) (1) The Office of Motor Vehicle, upon registering a motorboat with a certificate of number under § 27-101-304 and upon receipt of a proper application and all required fees, shall issue a certificate of title.(2) The certificate of title shall be of a type that, as nearly as …

It is declared to be the policy of this state to promote safety for persons and property in and connected with the use, operation, and equipment of vessels and to promote uniformity of laws relating thereto.

A certificate of title shall remain valid until cancellation by the Office of Motor Vehicle for cause or when a transfer in interest of the motorboat occurs.

(a) (1) A certificate of title issued under this subchapter shall expire upon the determination by the Office of Motor Vehicle that the hull identification number on the motorboat is mutilated, destroyed, or obliterated.(2) Upon expiration of a certificate of title under subdivis…

(a) (1) The Department of Finance and Administration shall not issue, renew, or update ownership information for a certificate of number under § 27-101-304 or a certificate of title under this subchapter until the department determines whether the motorboat has a primary hull ide…

(a) As used in this section:(1) (A) “Beneficiary” means one (1) person designated to become the owner of a motorboat upon the death of the current owner as indicated on the certificate of title issued under this chapter.(B) “Beneficiary” does not include a business, firm, partner…

A conditional sale contract, conditional lease, chattel mortgage, or other lien or encumbrance, or title retention instrument upon a motorboat, other than a lien dependent upon possession, is not valid against the creditors of an owner acquiring a lien by levy or attachment or su…

(a) There shall be deposited with the Office of Motor Vehicle a copy of the instrument creating and evidencing a lien or encumbrance, which is to be executed in the manner required by the laws of this state and accompanied by the certificate of title last issued for the motorboat…

(1) Upon receipt of an application for a certificate of title accompanied by the documents and fees required under this subchapter, the Office of Motor Vehicle shall:(1) File the application and documents with the date and hour the application and documents were received noted on…

(a) The filing and issuance of a new certificate of title as provided in this chapter shall constitute constructive notice of all liens and encumbrances against the motorboat described in the certificate of title to creditors of the owner, subsequent purchasers, and encumbrancers…

(a) (1) At his or her option, a lienholder may:(A) Record the lien on the manufacturer's certificate of origin;(B) Record the lien on an existing certificate of title; or(C) File with the Revenue Division of the Department of Finance and Administration a certified copy of the ins…

(a) The methods provided in this subchapter of giving constructive notice of a lien or encumbrance upon a motorboat shall be exclusive except as to liens dependent upon possession. (b) Any lien, or encumbrance, or title retention instrument filed as provided in this subchapter, a…

(a) The provisions of this chapter and of other applicable laws of this state shall govern the operation, equipment, numbering, and all other matters relating to the operation, equipment, and numbering whenever any vessel shall be operated on the waters of this state or when any …

(a) It is a Class C misdemeanor for any person to fail or neglect to enter the transferee's name on a properly endorsed certificate of title or fail or neglect to properly endorse and deliver a certificate of title to a transferee or owner lawfully entitled to the certificate of …

(a) (1) The transferee of a motorboat shall apply for, or cause to be applied for, a registration with a certificate of number under § 27-101-304 and the issuance of a certificate of title under this subchapter within thirty (30) days after the date of the release of lien by a pr…

(a) Whenever the certificate of title or interest of an owner in or to a registered motorboat is transferred to another person by a method other than voluntary transfer, the registration and certificate of title of the motorboat shall expire, and the motorboat shall not be operat…

(a) A person holding a lien or encumbrance upon a motorboat, other than a lien dependent solely upon possession, may assign his or her certificate of title or interest in or to the motorboat to a person other than the owner without the consent of the owner, and without affecting …

(a) As used in this section, “final payment” means an item is paid when a payee bank or person has:(1) Paid for the item in cash;(2) Settled for the item without having a right to revoke the settlement under statute, clearinghouse rule, or agreement; or(3) Made a provisional sett…

(a) When satisfied as to the genuineness and regularity of the transfer of a motorboat and of the right of the transferee to receive a new registration and certificate of title under this chapter, the Office of Motor Vehicle shall reregister the motorboat under § 27-101-304 and i…