Arkansas Code Title 14, Subtitle 12, Chapter 202 - Joint Municipal Electric Power Generation

• § 14-202-101 - Title.
  This chapter may be referred to and cited as the "Joint Municipal Electric Power Generation Act."
• § 14-202-102 - Definitions.
  As used in this chapter: (1) "Bonds" means bonds and any series of bonds authorized by and issued pursuant to the provisions of this...
• § 14-202-103 - Authorization to Construct and Operate Project.
  (a) (1) A municipality is authorized and empowered to acquire, construct, reconstruct, enlarge, equip, operate, and maintain an interest in a project, jointly with...
• § 14-202-104 - Contracts to Acquire Interest in Project.
  (a) The acquisition of an interest in a project may include the purchase or lease by mutual voluntary agreement with another person or municipality...
• § 14-202-105 - Sale of Excess Capacity.
  Capacity or output derived by a municipality from a project not then required by the municipality may be sold or exchanged by the municipality,...
• § 14-202-106 - Acquisition of Licenses and Permits.
  (a) Municipalities proceeding under this chapter are authorized to apply to the appropriate agencies of the state, the United States or any state thereof,...
• § 14-202-107 - Contracts to Exchange and Transmit Electric Power.
  Municipalities are authorized to enter into contracts for the exchange, interchange, wheeling, pooling, and transmission of electric power and energy produced by a project...
• § 14-202-108 - Bonds -- Issuance Generally.
  (a) Municipalities are authorized to use any available funds and revenues to pay and provide for costs and expenses of accomplishing the purposes authorized...
• § 14-202-109 - Bonds -- Terms and Conditions.
  (a) As the ordinance may provide, the bonds may: (1) Be coupon bonds payable to bearer, subject to registration as to principal or as...
• § 14-202-110 - Bonds -- Trust Indenture.
  (a) The ordinance may provide for the execution of a trust indenture by the municipality with a bank or trust company within or without...
• § 14-202-111 - Bonds -- Sale.
  The bonds may be sold at public or private sale for whatever price including, without limitation, sale at a discount, and in whatever manner...
• § 14-202-112 - Bonds, Coupons -- Execution and Seal.
  (a) (1) (A) Bonds issued hereunder shall be executed by the manual or facsimile signatures of the mayor and clerk of the municipality. (B)...
• § 14-202-113 - Bonds -- Priority Among Issues.
  Priority between and among successive issues may be controlled by the ordinance.
• § 14-202-114 - Bonds -- Mortgage Lien.
  (a) The ordinance or trust indenture authorizing or securing any bonds issued hereunder may impose a foreclosable mortgage lien upon the interest of the...
• § 14-202-115 - Bonds -- Default -- Receiver.
  (a) In the event of a default in the payment of the principal of, premium, if any, or interest on any bonds issued under...
• § 14-202-116 - Bonds -- Nature of Indebtedness.
  (a) The bonds and coupons issued under this chapter shall not be general obligations of the municipality, but shall be special obligations payable from...
• § 14-202-117 - Refunding Bonds.
  (a) Bonds may be issued for the purpose of refunding any bonds issued under this chapter. Refunding bonds may be combined with bonds issued...
• § 14-202-118 - Rates, Fees, and Charges -- Disposition -- Pledges.
  (a) (1) A municipality is authorized to fix, charge, and collect rates, fees, and charges for electric power and energy from its electric system....
• § 14-202-119 - Enforcement of Rights Under Ordinance or Trust Indenture.
  Any holder or registered owner of bonds or coupons appertaining thereto, except to the extent the rights given under this chapter may be restricted...
• § 14-202-120 - Bonds and Projects -- Tax Exemption.
  (a) Bonds issued under the provisions of this chapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes, including...
• § 14-202-121 - Investment of Public Funds in Bonds.
  Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the boards of trustees, respectively, of the...
• § 14-202-122 - Contracts for Grants-In-aid and Loans.
  The governing body of any municipality is authorized to make application and to enter into contracts for and to accept grants-in-aid and loans from...
• § 14-202-123 - Exemption of Projects From Other Laws.
  Participation by a municipality in the acquisition, construction, reconstruction, enlargement, equipment, or operation and maintenance of projects under the provisions of this chapter need...

Last modified: November 15, 2016