Arkansas Code Title 14, Subtitle 10, Chapter 167, Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing

• § 14-167-201 - Title.
  This subchapter shall be referred to, and may be cited as, the "Energy Conservation and Renewable Energy Resource Finance Act."
• § 14-167-202 - Legislative Findings and Public Policy.
  (a) The General Assembly finds that: (1) The State of Arkansas is confronted with a severe energy crisis; (2) The demand for fuels has...
• § 14-167-203 - Definitions.
  As used in this subchapter, unless the context otherwise requires: (1) "Facilities" or "energy facilities" means any real property, personal property, or mixed property...
• § 14-167-204 - Construction.
  This subchapter is to be liberally construed to accomplish the purposes of it and shall be the sole authority necessary to be complied with....
• § 14-167-205 - Energy Project Authority.
  (a) Any municipality and any county in this state is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract...
• § 14-167-206 - Authority to Fund.
  (a) Municipalities and counties are authorized to use any available revenues for the accomplishment of energy projects, either alone or together with other available...
• § 14-167-207 - Bonds -- Issuance Generally.
  The issuance of bonds shall be by ordinance of the municipality or county.
• § 14-167-208 - Bonds -- Terms and Conditions.
  (a) As the ordinance authorizing their issuance may provide, the bonds may: (1) Be in such form and denominations; (2) Be exchangeable for bonds...
• § 14-167-209 - Bonds -- Trust Indenture, Lease, Etc.
  (a) The ordinance authorizing the bonds may provide for the execution by the municipality or county of an indenture which defines the rights of...
• § 14-167-210 - Bonds -- Sale.
  The bonds may be sold for such price, including, without limitation, sale at a discount, and in such manner as the municipality or county...
• § 14-167-211 - Bonds, Coupons -- Execution.
  (a) (1) The bonds shall be executed by the mayor and the city clerk or recorder of the municipality or the county judge and...
• § 14-167-212 - Bonds -- Successive Issues.
  There may be successive bond issues for the purpose of financing the same energy project, and there may be successive bond issues for financing...
• § 14-167-213 - Bonds -- Priority Among Issues.
  Priority between and among issues and successive issues as to security of the pledge of revenues and lien on the energy project involved may...
• § 14-167-214 - Bond Obligation.
  (a) (1) The bonds issued under this subchapter shall not be general obligations of the municipality or county but shall be special obligations, and...
• § 14-167-215 - Refunding Bonds.
  (a) (1) Bonds may be issued for the purpose of refunding any obligations issued under this subchapter. (2) Refunding bonds may be combined with...
• § 14-167-216 - Mortgage Lien.
  (a) The ordinance or indenture referred to in § 14-167-207 or § 14-167-209 may, but need not, impose a foreclosable mortgage lien upon the...
• § 14-167-217 - Receivership.
  (a) (1) The ordinance or indenture referred to in § 14-167-207 or § 14-167-209 may, but need not, provide that in the event of...
• § 14-167-218 - Bonds -- Tax Exemption.
  Bonds issued under this subchapter and interest on them shall be exempt from all state, county, municipal, and school district taxes.
• § 14-167-219 - Public Funds Investment.
  (a) Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the boards of trustees, respectively, of...
• § 14-167-220 - Intergovernmental Agreements.
  Municipalities and counties are authorized to enter into and carry out appropriate agreements with any agency or political subdivision of the federal government or...

Last modified: November 15, 2016