Title 14, Local Government

The commissioners of a municipal auditorium commission shall adopt such rules and regulations as they may deem necessary and expedient for the proper operation and management of the municipal auditorium and shall have authority to alter, change, or amend the rules and regulations…

The commissioners of a municipal auditorium commission shall have authority to enter into contracts with persons, firms, corporations, or organizations for the use of the auditorium building, or parts thereof.

(a) (1) The commissioners of a municipal auditorium commission under this chapter shall have, in addition to other powers enumerated in this chapter, the exclusive right and power to make purchases of all supplies, apparatus, and other property and things requisite and necessary …

(a) (1) The commissioners of a municipal auditorium commission appointed under this chapter shall have the authority to utilize all revenues derived from the auditorium in the operations of the auditorium.(2) (A) All funds derived from the use of the auditorium shall be segregate…

(a) Upon each quarterly report being made to the mayor and city council by the commissioners of a municipal auditorium commission, the city council may appropriate funds from the general revenue fund of the city, or from such other funds as the city may have available, to make up…

(a) (1) The commissioners of a municipal auditorium commission shall submit quarterly reports, beginning three (3) months after they take their oath of office, and each three (3) months thereafter, reporting in full on the operations of the auditorium including an accounting of r…

This subchapter shall be referred to and may be cited as the “Local Government Library Bond Act of 1993”.

(a) The people of the State of Arkansas by the adoption of Arkansas Constitution, Amendment 72, which amends Arkansas Constitution, Amendments 30 and 38, have expressed their intention to provide cities having a population of not less than five thousand (5,000) expanded powers an…

(1) As used in this subchapter, unless the context otherwise requires:(1) “Bonds” means bonds issued pursuant to this subchapter;(2) “Capital improvements to or construction of public libraries” in the case of municipalities, or “capital improvements to or construction of county …

This subchapter shall be construed liberally to effectuate the legislative intent and the purposes of this subchapter as complete and independent authority for the performance of each and every act and thing herein authorized, and all powers herein granted shall be broadly interp…

(a) It is the specific intent of this subchapter that the provisions of this subchapter are supplemental to other constitutional or statutory provisions which may provide for the financing of capital improvements for public libraries. (b) Nothing contained in this subchapter shal…

For the purposes of this subchapter, when it is necessary to determine whether publication or other activity has taken place within a municipality lying in more than one (1) county, or where suit shall be filed contesting an election in that municipality, then the publication, ac…

(a) Whenever one hundred (100) or more tax-paying electors of any municipality shall file a petition with the mayor:(1) Asking that an ad valorem tax on real and personal property be levied for capital improvements, which petition shall specify a rate of taxation not to exceed th…

(a) The question of the issuance of such bonds shall be submitted to the electors of the municipality or county at the general election or at a special election called for that purpose in accordance with § 7-11-201 et seq., as provided in the ordinance or order and held in the ma…

(a) As the ordinance, order, or trust indenture as authorized in this subchapter may provide, the bonds may:(1) Be in registered or other form;(2) Be in such denominations;(3) Be exchangeable for bonds of another denomination;(4) Be made payable at such places within or without t…

Bonds for capital improvements issued pursuant to this subchapter shall not bear a rate of interest in excess of the rate provided in the Arkansas Constitution.

(a) The ordinance or order authorizing the bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture which defines the rights of the owners of the bonds and provides for the appointment of a trustee for the owners of the bonds. (b) The …

It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter and either Arkansas Constitution, Amendment 30, in the case of municipalities, or Arkansas Constitution, Amendment 38, in the case of counties, both as amended by A…

The bonds may be sold at public or private sale for such price, including, without limitation, sale at a discount, and in such manner as the issuer may determine.

The bonds shall be executed in the manner provided by the Registered Public Obligations Act of Arkansas, § 19-6-401 et seq., as that subchapter may be amended.

There may be successive bond issues for the purpose of financing the same capital improvements.

The bonds shall be secured by, and contain a pledge of, any tax or combination of taxes authorized to pay the bonded indebtedness and shall be payable solely from the taxes authorized by Arkansas Constitution, Amendment 30 or Amendment 38, as amended by Arkansas Constitution, Ame…

No officer, employee, or member of the issuer shall be personally liable on any bonds issued under the provisions of this subchapter or for any damages sustained by any person in connection with any contracts entered into to carry out the purposes and intent of this subchapter, u…

(a) The ad valorem tax pledged for payment of bonds shall constitute a special fund pledged as security for the payment of such indebtedness. (b) (1) The ad valorem tax shall never be extended for any other purpose nor collected for any greater length of time than necessary to re…

(a) If the issuance of bonds is authorized in accordance with the provisions of this subchapter, a municipality or county is authorized to obtain interim financing pending the delivery of all or any part of the bonds from such sources and upon such terms as the municipality or th…

(a) Bonds may be issued under this subchapter for the purpose of refunding any outstanding bonds issued hereunder. (b) (1) The refunding bonds may be either sold for cash or delivered in exchange for the outstanding obligations.(2) If sold for cash, the proceeds may be either app…

Bonds and notes issued under the provisions of this subchapter and the income thereon shall be exempt from all state, county, and municipal taxes, including, without limitation, all income, property, and inheritance taxes.

(a) The ordinance, order, or trust indenture authorized in §§ 14-142-207 and 14-142-209 may, but need not, impose a foreclosable mortgage lien upon the capital improvements financed with the proceeds of bonds issued under this subchapter. (b) The nature and extent of such mortgag…

This chapter may be cited as the “Regional Intermodal Facilities Act.”

(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 …

(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…

(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…

(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…

(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…

(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…

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…

(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…

(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…

(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…

(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)…

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

(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…

(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…

(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…

(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…

(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…