Arkansas Code Title 20, Subtitle 3, Chapter 48, Subchapter 5 - Human Development Centers -- Property and Finances

• § 20-48-501 - Liberal Construction -- Act Supplemental.
  (a) This subchapter shall be liberally construed.(b) The enumeration of any object, purpose, power, manner, method, and thing shall not be deemed to exclude...
• § 20-48-502 - Authority to Acquire Properties.
  (a) The Board of Developmental Disabilities Services, established and existing pursuant to the provisions of § 20-48-401 et seq., is authorized to own, acquire,...
• § 20-48-503 - Authority to Issue Revenue Bonds and Use Available Funds and Revenues.
  (a) The Board of Developmental Disabilities Services is authorized to use any available revenues for the accomplishment of the purposes specified and referred to...
• § 20-48-504 - Procedure for Issuing Revenue Bonds.
  (a) (1) Revenue bonds may be issued from time to time for any of the purposes set forth in § 20-48-502. (2) Each issue...
• § 20-48-505 - Liability of Board of Developmental Disabilities Services for Bonds.
  (a) It shall be plainly stated on the face of each bond issued that the bond has been issued under the provisions of this...
• § 20-48-506 - Nonliability of Board Members for Bonds -- Exception.
  No member of the Board of Developmental Disabilities Services shall be personally liable on any bonds issued pursuant to this subchapter, or for any...
• § 20-48-507 - Revenue Bonds Secured by Pledge of Gross Charges and Surplus Charges.
  (a) The principal of, interest on, and paying agent's fees in connection with the revenue bonds of each issue shall be secured by a...
• § 20-48-508 - Issuance of Refunding Bonds.
  (a) Bonds may be issued pursuant to this subchapter for the purpose of refunding any issue of bonds theretofore issued under the provisions of...
• § 20-48-509 - Taxation of Bonds.
  Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes. This exemption includes income and estate
• § 20-48-510 - Municipalities, Boards, Commissions, Etc., Authorized to Invest in Bonds.
  (a) Any municipality or any board, commission, or other authority established by ordinance of any municipality, or the boards of trustees, respectively, of the...
• § 20-48-511 - Developmental Disabilities -- Timber Sales Proceeds -- Capital Improvements and Equipment.
  (a) (1) The Division of Developmental Disabilities Services is authorized to have cash fund accounts for capital improvements to physical plants and for the...

Last modified: November 15, 2016