Arkansas Code Title 13, Chapter 5, Subchapter 3 - Arkansas Museum and Cultural Center Act

• § 13-5-301 - Title.
  This subchapter shall be known as the "Arkansas Museum and Cultural Center Act".
• § 13-5-302 - Construction of Subchapter.
  This subchapter shall be construed liberally. The enumeration of any object, purpose, power, manner, method, and thing shall not be deemed to exclude like...
• § 13-5-303 -- 13-5-306 - [Repealed.]
• § 13-5-307 - Funds for Museum and Cultural Center -- Issuance of Bonds.
  (a) (1) The Director of the Department of Parks and Tourism is authorized to use any available funds for the construction, equipment, and operation...
• § 13-5-308 - Authorizing Resolutions.
  (a) Bonds shall be authorized by resolution of the Director of the Department of Parks and Tourism.(b) The authorizing resolution may contain or may...
• § 13-5-309 - Terms and Characteristics of Bonds.
  (a) As the Director of the Department of Parks and Tourism shall determine, bonds issued pursuant to this subchapter may: (1) Be coupon bonds,...
• § 13-5-310 - Contract With Bond Owners -- Enforcement.
  (a) Any authorizing resolution and trust indenture shall, together with this subchapter, constitute a contract between the Director of the Department of Parks and...
• § 13-5-311 - Sale of Bonds.
  (a) The bonds shall be sold at public sale on sealed bids after such advertisement as the Director of the Department of Parks and...
• § 13-5-312 - Execution of Bonds and Coupons.
  (a) The bonds shall be executed by the manual or facsimile signature of the Director of the Department of Parks and Tourism. The coupons...
• § 13-5-313 - Statements on Bonds -- Liability.
  (a) It shall be plainly stated on the face of each bond that: (1) The bond has been issued under the provisions of this...
• § 13-5-314 - Disposition of Revenues.
  (a) All revenues derived from the operation of the Arkansas Museum and Cultural Center and all other funds received by the Director of the...
• § 13-5-315 - Debt Service -- Pledge of Revenues and Earnings -- Admission Charges.
  (a) The payment of debt service, including principal, interest, and trustee's and paying agent's fees, shall be secured by a lien on and pledge...
• § 13-5-316 - Administration of Debt-Servicing Provisions -- Bond Guaranty Fund.
  (a) The Director of the Department of Parks and Tourism shall notify the State Board of Finance or the appropriate officer, board, or agency...
• § 13-5-317 - Refunding Bonds.
  (a) The Director of the Department of Parks and Tourism is authorized to issue bonds to refund any bonds issued under the authority of...
• § 13-5-318 - Tax Exemptions.
  Bonds issued under this subchapter shall be exempt from all state, county, and municipal taxes.
• § 13-5-319 - Investment by Retirement Systems.
  The board of trustees of any retirement system now existing or created by the General Assembly may invest its funds in bonds issued under...
• § 13-5-320 - Audit of Records and Accounts.
  Arkansas Legislative Audit is authorized and directed to audit the records and accounts of the Director of the Department of Parks and Tourism and...
• § 13-5-321 - Employment of Personnel.
  (a) The Director of the Department of Parks and Tourism is authorized to employ such full-time or temporary professional, technical, and other consulting services...

Last modified: November 15, 2016