Arkansas Code Title 15, Subtitle 2, Chapter 22, Subchapter 13 - Revenue Bonds for Water Resources

• § 15-22-1301 - Water Resources -- Bonds.
  The Arkansas Natural Resources Commission may issue revenue bonds from time to time whether or not the interest on the bonds is subject to...
• § 15-22-1302 - Legal Counsel -- Underwriter.
  The Arkansas Natural Resources Commission may engage legal counsel and an underwriter or underwriters to facilitate the issuance and sale of bonds to be...
• § 15-22-1303 - Tax Exempt Status of Bonds -- Investment in Bonds.
  (a) Any bonds issued under this subchapter and the interest paid on the bonds shall be exempt from all state, county, and municipal taxes,...
• § 15-22-1304 - Gubernatorial Approval.
  (a) When gubernatorial approval is required by the provisions of the Internal Revenue Code of 1986, as amended, or any other federal or state...
• § 15-22-1305 - Bonds -- Form -- Terms.
  (a) (1) The Arkansas Natural Resources Commission shall authorize by resolution the issuance of bonds under this subchapter. (2) The commission shall determine with...
• § 15-22-1306 - Bonds -- Sales.
  (a) The bonds may be sold in a manner, either at public or private sale, and upon terms that the Arkansas Natural Resources Commission...
• § 15-22-1307 - Bonds -- Signature -- Seal.
  (a) The bonds shall be executed by manual or facsimile signature of the Chair of the Arkansas Natural Resources Commission and the manual or...
• § 15-22-1308 - Bonds -- Issuance -- Payment.
  (a) The face of each bond shall plainly state that the bond: (1) Has been issued under this subchapter; (2) Is an obligation only...
• § 15-22-1309 - Bonds -- Effective Date of Lien of Pledge.
  (a) (1) Any pledge of revenues, moneys, funds, or other property made by the Arkansas Natural Resources Commission shall be valid and binding from...
• § 15-22-1310 - Bonds -- Refunding.
  (a) Bonds may be issued for the purpose of refunding either at maturity or in advance of maturity any bonds issued under this subchapter...
• § 15-22-1311 - Bonds -- Security for Public Funds.
  Bonds issued under this subchapter shall be eligible to secure the deposit of public funds.
• § 15-22-1312 - Immunity -- Commissioners and Officers.
  No commissioner or officer of the Arkansas Natural Resources Commission shall be liable personally for any reason arising from the issuance of bonds under...
• § 15-22-1313 - Withholding General Revenue Turnback.
  (a) Should any city, town, county, or political subdivision receiving general revenue turnback funds as defined in the Revenue Stabilization Law, § 19-5-101 et...

Last modified: November 15, 2016