Arkansas Code Title 14, Subtitle 18, Chapter 302 - Municipal Street and Parking Revenue Bond Act

• § 14-302-101 - Title.
  This chapter may be referred to and cited as the "Municipal Street and Parking Revenue Bond Act."
• § 14-302-102 - Purpose and Construction.
  (a) This chapter shall be construed liberally.(b) All acts and activities of the municipality performed pursuant to the authority of this chapter are legislatively...
• § 14-302-103 - Chapter Cumulative.
  The provisions of this chapter shall be cumulative, insofar as the authority conferred and the subject matter dealt with is concerned, to all other...
• § 14-302-104 - Definitions.
  As used in this chapter, unless the context otherwise requires: (1) "Bonds" means bonds issued under the authority of this chapter; (2) "Municipalities" means...
• § 14-302-105 - Power of Municipalities Over Street and Parking Projects.
  Municipalities are authorized and empowered to acquire, by purchase or exercise of eminent domain: (1) Sites and rights-of-way to construct, reconstruct, widen, extend, and...
• § 14-302-106 - Authority to Issue Bonds -- Costs.
  (a) Municipalities are authorized and empowered to issue revenue bonds from time to time in principal amounts sufficient to pay the costs of street...
• § 14-302-107 - Issuance of Bonds -- Sale.
  (a) Bonds shall be authorized by ordinance of the governing body of the municipality.(b) They may be coupon bonds, payable to bearer, or may...
• § 14-302-108 - Execution of Bonds and Coupons -- Seal.
  (a) Bonds shall be executed by the manual or facsimile signature of the mayor of the municipality and by the manual signature of the...
• § 14-302-109 - Bonds As Special Obligations Payable From Street and Parking Revenues.
  (a) The bonds shall not be general obligations of the municipality involved but shall be special obligations payable solely from the revenues specified in...
• § 14-302-110 - Use of Street and Parking Revenues for the Payment of Bonds Issued.
  The municipality involved may pledge and use all or any part of the following street and parking revenues for the payment of bonds issued...
• § 14-302-111 - Refunding Bonds.
  (a) Revenue bonds may be issued for the purpose of refunding any bonds issued under the authority of this chapter.(b) The refunding bonds may...
• § 14-302-112 - Revenue Bonds Made Securities.
  (a) Revenue bonds issued under the authority of this chapter are made securities in which insurance companies, trust companies, banks, investment companies, executors, administrators,...
• § 14-302-113 - Bonds -- Tax Exemption.
  The principal of, and interest on, bonds issued under the authority of this chapter shall be exempt from all state, county, and municipal taxes....

Last modified: November 15, 2016