192 chapters · 4,300 sections in this title.
Ark. Code Ann. § 14-303-508 Default — Receiver
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(a) In the event of a default in the payment of the principal of, or interest on, any revenue bonds issued under this chapter, any court having jurisdiction may appoint a receiver to take charge of the tollway project involved. (b) The receiver shall have the power to:(1) Operate…
Ark. Code Ann. § 14-303-509 Refunding bonds
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(a) Revenue bonds may be issued for the purpose of refunding any bonds issued under the authority of this chapter. (b) Such refunding bonds may be combined into a single issue with revenue bonds issued for the purpose of completing, reconstructing, or extending the tollway projec…
Ark. Code Ann. § 14-303-510 Revenue bonds made securities
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(a) Revenue bonds issued under the authority of this chapter 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 …
Ark. Code Ann. § 14-303-511 Bonds — Tax exemption
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The principal of, and interest on, bonds issued under the authority of this chapter shall be exempt from all state, county, and municipal taxes. This exemption shall include income, inheritance, and estate taxes.