Arkansas Code Title 26, Subtitle 6, Chapter 75, Subchapter 6 - Advertising and Promotion Commission Act

• § 26-75-601 - Penalty.
  Any person or entity liable for the additional one percent (1%) gross receipts tax authorized by this subchapter to be levied by cities of...
• § 26-75-602 - Gross Receipts Taxes Authorized.
  (a) Any city of the first class, city of the second class, or incorporated town by ordinance of the governing body thereof may levy...
• § 26-75-603 - Collection of Tax.
  (a) From the effective date of the levying ordinance, the tax so levied shall be paid by the persons, firms, and corporations liable therefor...
• § 26-75-604 - Disposition of Revenues.
  (a) All taxes, interest, penalties, and costs collected pursuant to a tax levied by the city as authorized in this subchapter shall be credited...
• § 26-75-605 - Advertising and Promotion Commissions.
  (a) Any municipality levying a tax pursuant to this subchapter shall create by ordinance a municipal advertising and promotion commission, to be composed of...
• § 26-75-606 - Use of Funds Collected.
  (a) (1) (A) In the manner as shall be determined by the municipal advertising and promotion commission, all funds credited to the city advertising...
• § 26-75-607 - Authority to Issue Bonds.
  Cities of the first class levying the tax and creating the commission as permitted in this subchapter are authorized to: (1) Acquire sites for,...
• § 26-75-608 - Issuance of Bonds.
  (a) Bonds issued by a municipality pursuant to this subchapter shall be authorized by ordinance of the governing body of the city.(b) The bonds...
• § 26-75-609 - Execution of Bonds.
  The bonds shall be executed in the manner provided by the Registered Public Obligations Act of Arkansas, § 19-9-401 et seq., as that act...
• § 26-75-610 - Nature of Bonds Generally.
  (a) (1) The bonds shall not be general obligations of the city involved, but shall be special obligations secured and payable as provided in...
• § 26-75-611 - Bonds As Securities.
  (a) Bonds issued under the authority of this subchapter are made securities in which insurance companies, trust companies, banks, investment companies, executors, administrators, trustees,...
• § 26-75-612 - Tax Exemption for Bonds.
  (a) The principal of and interest on bonds issued under the authority of this subchapter shall be exempt from all state, county, and municipal...
• § 26-75-613 - Pledge of Revenues.
  (a) (1) Any city of the first class levying the tax and creating the commission as permitted in this subchapter is authorized to pledge...
• § 26-75-614 - Trust Indenture.
  (a) The ordinance authorizing the bonds may provide for the execution by the chief executive officer of the municipality of a trust indenture which...
• § 26-75-615 - Sale of Bonds.
  The bonds may be sold at public or private sale for such price, including, without limitation, sale at a discount, and in such manner...
• § 26-75-616 - No Personal Liability.
  No official, officer, employee, or member of the governing body of the municipality or the advertising and promotion commission shall be personally liable on...
• § 26-75-617 - Refunding Bonds.
  (a) Bonds may be issued under this subchapter to refund any outstanding bonds issued pursuant to this subchapter or to refund any outstanding bonds...
• § 26-75-618 - Title.
  This subchapter may be referred to as the "Advertising and Promotion Commission Act".
• § 26-75-619 - Authority to Perform Joint Audits.
  (a) As used in this section: (1) "City" means a city of the first class, city of the second class, or incorporated town in...

Last modified: November 15, 2016