Arkansas Code Title 14, Subtitle 8, Chapter 144, Subchapter 3 - Finance

• § 14-144-301 - Issuance of Revenue Bonds -- Authorization.
  (a) A research park authority may use any available revenues for the accomplishment of the purposes and the implementation of the powers authorized by...
• § 14-144-302 - Issuance of Revenue Bonds -- Resolution of Research Park Authority -- Nature of Bonds.
  (a) The issuance of revenue bonds shall be by resolution of the research park authority.(b) The bonds of each issue may: (1) Be coupon...
• § 14-144-303 - Issuance of Revenue Bonds -- Indenture.
  (a) The resolution authorizing the bonds may provide for the execution by the research park authority of an indenture that defines the rights of...
• § 14-144-304 - Issuance of Revenue Bonds -- Price and Manner Sold.
  The bonds may be sold for a price, including sale at a discount, and in a manner the research park authority may determine by
• § 14-144-305 - Issuance of Revenue Bonds -- Execution.
  (a) (1) The bonds shall be executed by the manual or facsimile signatures of the chair and secretary of the board of the research...
• § 14-144-306 - Issuance of Revenue Bonds -- Obligation of Research Park Authority.
  (a) The revenue bonds issued under this chapter shall be obligations only of the research park authority and shall not be general obligations of...
• § 14-144-307 - Issuance of Revenue Bonds -- Refunding Bonds.
  (a) (1) Revenue bonds may be issued under this chapter to refund any obligations issued under this chapter. (2) The refunding bonds may be...
• § 14-144-308 - Issuance of Revenue Bonds -- Mortgage Lien.
  (a) The resolution or indenture securing the bonds may impose a foreclosable mortgage lien upon or security interest in the facilities of the research...
• § 14-144-309 - Issuance of Revenue Bonds -- Default.
  (a) (1) In the event of a default in the payment of the principal of or interest on any bonds issued under this chapter,...
• § 14-144-310 - Agreements to Obtain Funds.
  In connection with obtaining funds for its purposes, a research park authority may enter into an agreement with any person, including the federal government...
• § 14-144-311 - Exemption From Taxation.
  (a) The property of each research park authority is exempt from all local and municipal taxes.(b) Bonds, notes, debentures, and other evidences of indebtedness...
• § 14-144-312 - Use of Surplus Funds.
  (a) If a research park authority realizes a surplus, whether from operating the research park facilities and other facilities or leasing it or them...
• § 14-144-313 - Public and Private Contributions.
  (a) Contributions may be made to a research park authority from time to time by any county, municipality, or accredited institution of higher education...
• § 14-144-314 - Accounts and Reports.
  (a) (1) All funds received by a research park authority shall be deposited in such banks as the research park authority may direct and...
• § 14-144-315 - County, Municipal, and State Participation.
  A county, municipality, accredited institution of higher education, and state agency that is a sponsor of a research park authority may: (1) Appoint members...
• § 14-144-316 - Lease of Facilities.
  (a) Each research park authority may lease its research park facilities and all or any part of its appurtenances and facilities to any available...
• § 14-144-317 - Sale of Assets.
  If the board of a research park authority so determines, the authority may sell all or any part of its properties and assets and...
• § 14-144-318 - Authorized Investors.
  Any county or municipality or any board, commission, or other authority established by ordinance of any county or municipality or the boards of trustees,...

Last modified: November 15, 2016