Arkansas Code Title 14, Subtitle 12, Chapter 204 - Municipal and County Hydroelectric Power Development

• § 14-204-101 - Title.
  This chapter may be referred to and may be cited as the "Municipalities and Counties Hydroelectric Power Development Revenue Bond Law."
• § 14-204-102 - Definitions.
  As used in this chapter, unless the context otherwise requires: (1) "Construct" means to acquire or build, in whole or in part, in such...
• § 14-204-103 - Construction.
  (a) This chapter shall be liberally construed to accomplish the purposes hereof and shall be the sole act and authority necessary to be complied...
• § 14-204-104 - Authorization to Own and Operate Hydroelectric Power Project -- Contracts to Supply Energy.
  (a) Any municipality and any county is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise...
• § 14-204-105 - Authorization to Issue Bonds.
  (a) Municipalities and counties are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-204-104 and are...
• § 14-204-106 - Revenue Bonds Generally.
  (a) (1) Revenue bonds authorized in this chapter may be issued by a municipality upon the adoption of an ordinance therefor by the governing...
• § 14-204-107 - Nature of Bond Indebtedness -- Payment From Revenue of Project -- Use of Excess Revenue.
  (a) (1) Revenue bonds shall not be general obligations of the municipality or county but shall be special obligations, and in no event shall...
• § 14-204-108 - Refunding Bonds.
  (a) Revenue bonds may be issued under this chapter for the purpose of refunding any obligations issued under this chapter. Such refunding bonds may...
• § 14-204-109 - Mortgage Lien -- Default -- Receiver.
  (a) The ordinance, order, or indenture referred to § 14-204-106 may, but need not, impose a foreclosable mortgage lien upon the facilities acquired, constructed,...
• § 14-204-110 - Application for Licenses, Permits, Certificates, and Approvals.
  (a) Municipalities and counties proceeding under this chapter are authorized to apply to the appropriate agencies of the state, the United States or any...
• § 14-204-111 - Bonds -- Tax Exemption.
  Bonds issued under the provisions of this chapter shall be exempt from all state, county, and municipal taxes. This exemption includes income, property, and...
• § 14-204-112 - Investment of Public Funds in Bonds.
  Any public funds may be invested in revenue bonds issued under the provisions of this chapter. Revenue bonds issued under this chapter shall be...

Last modified: November 15, 2016