Arkansas Code Title 12, Subtitle 3, Chapter 41, Subchapter 6 - County Jail Revenue Bond Act of 1981

• § 12-41-601 - Title.
  This subchapter may be referred to and cited as the "County Jail Revenue Bond Act of 1981".
• § 12-41-602 - Definitions.
  As used in this subchapter: (1) "Board" means the county jail board established under the provisions of this subchapter; (2) "Bonds" means bonds and...
• § 12-41-603 - 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...
• § 12-41-604 - Adoption of Ordinance.
  Any county quorum court desiring to construct or expand county jail and jail facilities in the manner authorized in this subchapter may adopt an...
• § 12-41-605 - County Jail Boards.
  (a) Any county electing to issue county jail revenue bonds under the provisions of this subchapter shall, by ordinance adopted by the quorum court,...
• § 12-41-606 - Bonds -- Authority to Issue.
  The county jail board is authorized and empowered to issue bonds, at one (1) time or in series from time to time, and to...
• § 12-41-607 - Bonds -- Authorizing Resolution.
  (a) The bonds shall be authorized by resolution of the county jail board.(b) The authorizing resolution may contain any terms, covenants, and conditions that...
• § 12-41-608 - Bonds -- Contract Between Parties -- Enforcement.
  (a) Each authorizing resolution or trust indenture, together with this subchapter and the ordinance of the quorum court acting pursuant to this subchapter, shall...
• § 12-41-609 - Bonds -- Terms and Conditions.
  (a) As the county jail board shall determine, the bonds may: (1) Be coupon bonds, payable to bearer, or be registrable as to the...
• § 12-41-610 - Bonds -- Sale.
  The bonds may be sold in such manner and at such price, including sale at a discount, as the county jail board may accept.
• § 12-41-611 - Bonds -- Coupons -- Execution -- Seal.
  (a) Bonds issued pursuant to this subchapter shall be executed by the chair of the county jail board and the secretary of the board...
• § 12-41-612 - Bonds -- Liability On.
  (a) Bonds issued pursuant to this subchapter shall be obligations only of the county jail board, and in no event shall they constitute any...
• § 12-41-613 - Bonds -- Pledge of Revenues -- Funds.
  (a) The principal, premiums, if any, interest, and trustee's and paying agent's fees in connection with all bonds issued under this subchapter shall be...
• § 12-41-614 - Bonds -- Tax Exemption.
  Bonds issued under the provisions of this subchapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes, and this...
• § 12-41-615 - Bonds -- Investment by Public Entities.
  (a) Any municipality, or any board, commission, or other governing authority established by ordinance of any municipality, or the governing authorities, respectively, of the...
• § 12-41-616 - Creation of Rights.
  This subchapter shall not create any right of any character, and no right of any character shall arise under the provisions of this subchapter,...
• § 12-41-617 - [Repealed.]

Last modified: November 15, 2016