Arkansas Code Title 22, Chapter 3, Subchapter 14 - State Agencies Facilities Acquisition Act

• § 22-3-1401 - Title.
  This subchapter shall be known and cited as the "State Agencies Facilities Acquisition Act of 1991".
• § 22-3-1402 - Construction.
  (a) This subchapter shall be construed liberally.(b) The enumeration of any object, purpose, power, manner, method, and thing shall not be deemed to exclude...
• § 22-3-1403 - Definitions.
  As used in this subchapter: (1) "Agency" or "state agency" means any agency, board, office, commission, department, division, or institution of the State of...
• § 22-3-1404 - Powers.
  In addition to the purposes, powers, and authority set forth elsewhere in this subchapter or in other laws, the Building Authority Division of the...
• § 22-3-1405 - Duties.
  In addition to the purposes, powers, and authority set forth elsewhere in this subchapter or in other laws, in connection with the construction and...
• § 22-3-1406 - [Repealed.]
• § 22-3-1407 - Revenue Bonds.
  (a) Pursuant to the intention of the General Assembly expressed in § 15-5-303, the Arkansas Development Finance Authority, in cooperation with Arkansas Building Authority,...
• § 22-3-1408 - Required Statement on Bond -- Lien and Pledge to Secure Bonds.
  (a) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter, that...
• § 22-3-1409 - Pledge of Revenues to Secure Bonds.
  (a) The principal of, premiums, if any, interest on, and trustees' and paying agents' fees in connection with all bonds issued under this subchapter...
• § 22-3-1410 - Contract Between Arkansas Development Finance Authority and Holders and Owners of Bonds.
  (a) Any authorizing resolution and trust indenture shall, together with this subchapter, constitute a contract between Arkansas Development Finance Authority and the holders and...
• § 22-3-1411 - Bonds Exempt From Tax.
  Bonds issued under the provisions of this subchapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes, and the...
• § 22-3-1412 - Deposit of Bond Proceeds.
  (a) Arkansas Development Finance Authority shall include necessary provisions in the authorizing resolution or trust indenture to provide for the deposit of the proceeds...
• § 22-3-1413 - Refunding Bonds.
  (a) Bonds may be issued for the purpose of refunding any bonds issued under this subchapter.(b) Refunding bonds may be issued by Arkansas Development...
• § 22-3-1414 - Bondholder Rights.
  This subchapter shall not create any right in any bondholder for bonds issued pursuant to this subchapter, and no right of such bondholders shall...
• § 22-3-1415 - Supervision and Management of Buildings and Facilities.
  (a) The Building Authority Division of the Department of Finance and Administration may supervise and manage buildings and other facilities constructed pursuant to the...
• § 22-3-1416 - Liability.
  No member of the Arkansas Building Authority Council shall be held personally liable for any act taken by the council or for any damages...

Last modified: November 15, 2016