Arkansas Code Title 22, Chapter 3, Subchapter 12 - Public Facilities Financing

• § 22-3-1201 - Title.
  This subchapter shall be known and may be cited as the "Public Facilities Finance Act of 1983".
• § 22-3-1202 - Purpose.
  It has been found by the General Assembly that adequate construction, equipping, maintenance, and operation of facilities for the Department of Correction and the...
• § 22-3-1203 - Definitions.
  As used in this subchapter: (1) "Agency" or "state agency" means any agency, board, officer, commission, department, division, or institution of the State of...
• § 22-3-1204 - Provisions Exclusive and Overriding.
  (a) This subchapter shall be the complete and sole authority for the establishment of the purposes set forth in this subchapter.(b) To the extent...
• § 22-3-1205 - Powers of Arkansas Building Authority Generally.
  (a) In addition to the powers, purposes, and authorities set forth elsewhere in this subchapter or in other laws, the Arkansas Building Authority is...
• § 22-3-1206 - Plan for Proposed Construction -- Hearings and Review -- Filing of Financial Statement.
  (a) Before certificates of indebtedness as authorized by this subchapter may be issued by the Arkansas Building Authority and purchased by the State Board...
• § 22-3-1207 - Certificates of Indebtedness -- Issuance and Purchase Authorized.
  (a) (1) For the purpose of providing funds for the construction of buildings as authorized in this subchapter, the Arkansas Building Authority, with the...
• § 22-3-1208 - Certificates of Indebtedness -- Terms and Execution.
  (a) (1) The certificates of indebtedness shall be in such form and denomination, and shall have such dates and maturities, and may be issued...
• § 22-3-1209 - Certificates of Indebtedness -- Pledge of Revenues and Restrictions Generally.
  (a) The certificates shall be the obligations of the Arkansas Building Authority, and the nontax revenues available to the authority under the provisions of...
• § 22-3-1210 - Certificates of Indebtedness -- Public Facilities Debt Service Fund.
  (a) The principal of and interest on the certificates of indebtedness issued under this subchapter shall be secured, except as stated in subdivision (c)(1)...
• § 22-3-1211 - Certificates of Indebtedness -- Tax Exemption.
  Certificates of indebtedness issued under the provisions of this subchapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes....
• § 22-3-1212 - Certificates of Indebtedness -- Funds Used for Purchase -- Retirement.
  (a) (1) The state funds which may be used by the State Board of Finance in making the purchases of the certificates of indebtedness...
• § 22-3-1213 - Certificates of Indebtedness -- Alternative Method of Payment.
  (a) In the event it shall be determined that the procedure set forth in § 22-3-1212 for the retirement of the certificates is unconstitutional...
• § 22-3-1214 - Certificates of Indebtedness -- Disposition of Proceeds.
  Proceeds from the sale of the certificates of indebtedness shall be deposited in the State Treasury as follows: (1) All funds held as a...
• § 22-3-1215 - [Repealed.]
• § 22-3-1216 - Authorizing Resolution As Enforceable Contract -- Covenants.
  Any authorizing resolution shall, together with this subchapter, constitute a contract between the Arkansas Building Authority, and the State Board of Finance, and the...
• § 22-3-1217 - Disposition of Revenues From Agricultural and Livestock Activities of Correctional Facility.
  (a) (1) Prior to the issuance of certificates of indebtedness as authorized by this subchapter, all moneys collected by the Department of Correction from...
• § 22-3-1218 - Disposition of Revenues From Prison Labor.
  (a) (1) Prior to the issuance of certificates of indebtedness as authorized by this subchapter, all moneys collected by the Board of Corrections from...
• § 22-3-1219 - Employment of Architects and Other Professionals -- Notice for Bids for Construction.
  (a) The Arkansas Building Authority is authorized to employ architects to prepare plans, specifications, and estimates of costs for the construction of any and...
• § 22-3-1220 -- 22-3-1224 - [Reserved.]
• § 22-3-1225 - Prison Construction Trust Fund.
  (a) The Arkansas Development Finance Authority shall establish in its records a trust fund to be entitled the "Prison Construction Trust Fund." All moneys...
• § 22-3-1226 - [Transferred.]

Last modified: November 15, 2016