Arkansas Code Title 14, Subtitle 18, Chapter 303, Subchapter 5 - Tollway Revenue Bonds

• § 14-303-501 - Issuance Generally.
  (a) An authority is authorized and empowered to issue from time to time tollway revenue bonds in principal amounts sufficient to pay the costs...
• § 14-303-502 - Authorizing Resolution.
  (a) Tollway revenue bonds shall be authorized by resolution of the authority involved.(b) They may be coupon bonds payable to bearer; may be registrable...
• § 14-303-503 - Trust Indenture.
  (a) The resolution of an authority authorizing the issuance of bonds may provide for the execution, by the authority involved with a bank or...
• § 14-303-504 - Sale -- Limitations.
  (a) Bonds issued under the authority of this chapter shall be sold at public sale or at private sale, upon the written approval of...
• § 14-303-505 - Execution.
  (a) Bonds shall be executed by the manual or facsimile signature of the chairman and by the manual signature of the secretary of the...
• § 14-303-506 - Obligation and Liability.
  (a) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter, and...
• § 14-303-507 - Security and Payment of Bonds.
  (a) The principal of, and interest on, all revenue bonds issued under the authority of this chapter shall be secured solely by a pledge...
• § 14-303-508 - Default -- Receiver.
  (a) In the event of a default in the payment of the principal of, or interest on, any revenue bonds issued under this chapter,...
• § 14-303-509 - Refunding Bonds.
  (a) Revenue bonds may be issued for the purpose of refunding any bonds issued under the authority of this chapter.(b) Such refunding bonds may...
• § 14-303-510 - Revenue Bonds Made Securities.
  (a) Revenue bonds issued under the authority of this chapter are made securities in which all insurance companies, trust companies, banks, investment companies, executors,...
• § 14-303-511 - Bonds -- Tax Exemption.
  The principal of, and interest on, bonds issued under the authority of this chapter shall be exempt from all state, county, and municipal taxes....
• § 14-303-512 - Authority to Operate Project After Completion of Payments.
  (a) Except as provided in this section, when the principal of, and interest on, all bonds issued under the authority of this chapter in...
• § 14-303-513 - Studies of Proposed Projects -- Expenses.
  (a) An authority and the State Highway Commission are authorized to enter into arrangements or to enter into agreements, as may be determined by...

Last modified: November 15, 2016