Arkansas Code Title 15, Subtitle 1, Chapter 5, Subchapter 18 - State Entity Energy Efficiency Project Bond Act
- § 15-5-1801 - Title.
This subchapter shall be known as the "State Entity Energy Efficiency Project Bond Act".
- § 15-5-1802 - Purpose.
(a) The purpose of this subchapter is to provide financing for energy efficiency projects for state entities under Arkansas Constitution, Amendment 89.(b) It is...
- § 15-5-1803 - Definitions.
As used in this subchapter: (1) "Bonds" means all bonds, notes, certificates, financing leases, or other interest-bearing instruments or evidences of indebtedness that are...
- § 15-5-1804 - Issuance of Bonds.
(a) Upon the request of a state entity, the Arkansas Development Finance Authority may issue bonds for the purpose of: (1) Providing financing or...
- § 15-5-1805 - Terms and Conditions.
(a) The Arkansas Development Finance Authority shall be the issuer of bonds for energy efficiency projects under this subchapter.(b) (1) The authority shall not...
- § 15-5-1806 - Tax Exemption.
The interest on the bonds issued under this subchapter shall be exempt from state, county, and municipal income, inheritance, and estate taxes.
- § 15-5-1807 - Refunding Bonds.
(a) The Arkansas Development Finance Authority may provide by resolution for the issuance of refunding bonds to refund outstanding bonds issued under this subchapter...
- § 15-5-1808 - Applicability.
This subchapter: (1) Applies only to the following governmental units: (A) The state; and (B) An agency, board, commission, or instrumentality of the state;...
- § 15-5-1809 - Subchapter Supplemental to Other Laws.
This subchapter is: (1) Supplemental to other laws on the subject, and the Arkansas Development Finance Authority may use provisions of other applicable laws...
- § 15-5-1810 - Rules.
The Arkansas Development Finance Authority may promulgate rules to implement this subchapter.
Last modified: November 15, 2016