Arkansas Code Title 14, Subtitle 10, Chapter 164, Subchapter 4 - Local Government Capital Improvement Revenue Bond Act

• § 14-164-401 - Title.
  This subchapter shall be referred to and may be cited as the "Local Government Capital Improvement Revenue Bond Act of 1985."
• § 14-164-402 - Definitions.
  As used in this subchapter: (1) "Bonds" means revenue bonds issued pursuant to this subchapter; (2) "Capital improvements" means any of the following: (A)...
• § 14-164-403 - Construction.
  This subchapter shall be construed liberally to effectuate the legislative intent and the purposes of this subchapter as complete and independent authority for the...
• § 14-164-404 - Subchapter Supplemental.
  It is the specific intent of this subchapter that the provisions hereof are supplemental to other constitutional or statutory provisions which may provide for...
• § 14-164-405 - Bonds -- Issuance Generally.
  (a) Municipalities and counties are authorized to issue bonds for capital improvements and performance-based efficiency projects within, near, or within and near the municipality...
• § 14-164-406 - Bonds -- Terms and Conditions.
  (a) As the ordinance or trust indenture which is authorized in this subchapter may provide, the bonds may: (1) Be in registered or other...
• § 14-164-407 - Bonds -- Trust Indenture.
  (a) The ordinance authorizing the bonds may provide for the execution by the chief executive officer of the issuer of a trust indenture which...
• § 14-164-408 - Bonds -- Contents.
  It shall be plainly stated on the face of each bond that the bond has been issued under the provisions of this subchapter and...
• § 14-164-409 - Bonds -- Sale.
  The bonds may be sold at public or private sale for such price, including, without limitation, sale at a discount, and in such manner...
• § 14-164-410 - Bonds -- Execution.
  The bonds shall be executed in the manner provided by the Registered Public Obligations Act of Arkansas, § 19-9-401 et seq., as that act...
• § 14-164-411 - Bonds -- Payment -- Security.
  (a) The principal of and interest on the revenue bonds issued pursuant to this section and § 14-164-402 shall be secured by a pledge...
• § 14-164-412 - Bonds -- Mortgage Lien.
  (a) The ordinance or trust indenture authorized in §§ 14-164-405 or 14-164-407 may, but need not, impose a foreclosureable mortgage lien upon the capital...
• § 14-164-413 - Bonds -- Special Obligations.
  The bonds issued under this subchapter shall not be general obligations of the issuer, but shall be special obligations, and in no event shall...
• § 14-164-414 - Bonds -- Liability of Legislative Body's Officers, Employees, or Members.
  No officer, employee, or member of the legislative body of the issuer shall be personally liable on any bonds issued under the provisions of...
• § 14-164-415 - Bonds -- Successive Issues.
  There may be successive bond issues for the purpose of financing the same capital improvements.
• § 14-164-416 - Bonds -- Tax Exemption.
  Bonds issued under the provisions of this subchapter and the income thereon shall be exempt from all state, county, and municipal taxes, including, without...
• § 14-164-417 - Alternative Financing.
  Nothing contained in this subchapter shall be deemed to be a restriction or limitation upon alternative means of financing previously available or hereafter made...
• § 14-164-418 - Refunding Bonds.
  (a) Bonds may be issued under this subchapter to refund any outstanding bonds issued pursuant to this subchapter or to refund any outstanding bonds,...
• § 14-164-419 - Contract Requirements.
  (a) All services provided by a qualified efficiency engineer in completing a performance-based efficiency project pursuant to a qualified efficiency contract, including, but not...

Last modified: November 15, 2016