42 chapters · 1,615 sections in this title.
Ark. Code Ann. § 15-22-1302 Legal counsel — Underwriter
0.2K chars
The Arkansas Natural Resources Commission may engage legal counsel and an underwriter or underwriters to facilitate the issuance and sale of bonds to be issued under this subchapter.
Ark. Code Ann. § 15-22-1303 Tax exempt status of bonds — Investment in bonds
1.3K chars
(a) Any bonds issued under this subchapter and the interest paid on the bonds shall be exempt from all state, county, and municipal taxes, and the exemption shall include income, inheritance, and property taxes. (b) (1) Any municipality, board, commission, or other authority esta…
Ark. Code Ann. § 15-22-1304 Gubernatorial approval
0.6K chars
(a) When gubernatorial approval is required by the provisions of the Internal Revenue Code, 26 U.S.C. § 1 et seq., as amended, or any other federal or state law, the Governor may approve the issuance of bonds by the Arkansas Natural Resources Commission upon receipt of written re…
Ark. Code Ann. § 15-22-1305 Bonds — Form — Terms
6.4K chars
(a) (1) The Arkansas Natural Resources Commission shall authorize by resolution the issuance of bonds under this subchapter.(2) The commission shall determine with regard to the bonds:(A) Form and denominations;(B) Date or dates;(C) Time of maturation;(D) Interest, including:(i) …