Arkansas Code Title 27, Subtitle 5, Chapter 64, Subchapter 3 - Arkansas Interstate Highway Financing Act of 2005
§ 27-64-301 - Title.
This subchapter may be referred to and cited as the "Arkansas Interstate Highway Financing Act of 2005".
§ 27-64-302 - Legislative Findings and Intent.
The General Assembly finds that: (1) There is an immediate need for highway improvements throughout the State of Arkansas in order to provide for...
§ 27-64-303 - Definitions.
As used in this subchapter: (1) "Bonds" means the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds, also known as "GARVEE...
§ 27-64-304 - Authorization -- Purposes.
(a) Subject to the one-time approval of the voters in a statewide election, the State Highway Commission may issue State of Arkansas Federal Highway...
§ 27-64-305 - Election.
(a) (1) No State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds shall be issued under this subchapter unless the authority of...
§ 27-64-307 - Terms of Bonds.
The State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds shall be subject to the following terms and conditions: (1) The bonds...
§ 27-64-308 - Sale of Bonds.
(a) (1) The State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds may be sold in any manner, either at private or...
§ 27-64-309 - Employment of Professionals.
The State Highway Commission may retain any professionals it deems necessary to accomplish the issuance and sale of the State of Arkansas Federal Highway...
§ 27-64-310 - Sources of Repayment.
(a) The State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds shall be general obligations of the State of Arkansas secured and...
§ 27-64-311 - Investment of Proceeds.
(a) Any designated revenues and any proceeds of the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds held pending disbursement on...
§ 27-64-312 - Refunding Bonds.
(a) The State Highway Commission may issue bonds for the purpose of refunding the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue...
§ 27-64-313 - Tax Exemption.
(a) All State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds issued under this subchapter and interest on the bonds shall be...