Arkansas Code Title 14, Subtitle 11, Chapter 184, Subchapter 2 - Financing of Improvements

• § 14-184-201 - Legislative Determinations.
  It is determined and declared by the General Assembly that: (1) The deterioration of the central business districts of urban centers of the state...
• § 14-184-202 - Definition.
  As used in this subchapter, unless the context otherwise requires, "property" means real property and tangible and intangible personal property.
• § 14-184-203 - Construction.
  (a) This subchapter shall be construed liberally.(b) The enumeration of any object, purpose, power, manner, method, and thing shall not be deemed to exclude...
• § 14-184-204 - Provisions Supplemental.
  This subchapter shall be construed as cumulative of existing laws relating to the creation, operation, and existence of municipal improvement districts and shall not...
• § 14-184-205 - Revenue Bonds Authorized.
  Central business improvement districts created under the authority of § 14-184-101 et seq. are authorized to issue revenue bonds for the purpose of providing...
• § 14-184-206 - Loans to Property Owners.
  (a) Direct loans may be made by a central business improvement district to property owners, including lessees of the property owners, within the district...
• § 14-184-207 - Providing of Funds.
  (a) For the purpose of providing funds to make loans including any reserve for contingencies deemed desirable, a central business improvement district may issue...
• § 14-184-208 - Bonds -- Authorizing Resolution.
  (a) The bonds of a central business improvement district shall be authorized by a resolution of the board of commissioners.(b) The authorizing resolution may...
• § 14-184-209 - Bonds -- Terms and Conditions.
  (a) As the board shall determine, the bonds may: (1) Be coupon bonds, payable to bearer, or may be registrable as to principal only...
• § 14-184-210 - Bonds -- Trust Indenture.
  (a) The authorizing resolution may provide for the execution by the district with a bank or trust company, within or without the State of...
• § 14-184-211 - Bonds -- Sale.
  (a) The bonds may be sold for such price including, without limitation sale at a discount, and at such rate of interest and in...
• § 14-184-212 - Bonds, Coupons -- Execution -- Seal.
  (a) (1) (A) The bonds shall be executed by the manual or facsimile signature of the chairman of the board and by the manual...
• § 14-184-213 - Bonds -- Conversion.
  (a) The bonds may be sold with the privilege of conversion into an issue bearing other rate or rates of interest, upon the terms...
• § 14-184-214 - Refunding Bonds.
  (a) (1) Bonds may be issued for the purpose of refunding any bonds issued under this subchapter. (2) (A) Refunding bonds may be either...
• § 14-184-215 - Obligation on Bonds.
  (a) (1) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter,...
• § 14-184-216 - Bonds -- Tax Exemption.
  (a) Bonds issued under the provisions of this subchapter and the interest on them shall be exempt from all state, county, and municipal taxes.(b)...
• § 14-184-217 - Public Investment in Bonds.
  (a) Any municipality; any board, commission, or other authority duly established by ordinance of any municipality; the boards of trustees, respectively, of the firemen's...

Last modified: November 15, 2016