(a) Any combination of two (2) or more entities as defined in § 14-334-102(4), or portions of those entities, are authorized to create and establish one (1) or more authorities for the purpose of acquiring, owning, equipping, leasing, maintaining, licensing, and operating a public transit system.
(b) No entity shall participate in such an authority unless and until its governing body so provides and enters into an agreement with the other participating entities. This agreement shall establish the terms and conditions for the operation of the authority within the limitations provided in this chapter and such other laws of the State of Arkansas which may be applicable.
(c) To the extent that it is consistent with this chapter, the agreement shall specify the information provided for in § 25-20-104(c) of the Interlocal Cooperation Act, § 25-20-101 et seq.
Section: Previous 14-334-102 14-334-103 14-334-104 14-334-105 14-334-106 14-334-107 14-334-108 14-334-109 14-334-110 14-334-111 14-334-112 14-334-113 14-334-114 14-334-115 NextLast modified: November 15, 2016