Arkansas Code Title 27, Subtitle 5, Chapter 76, Subchapter 6 - Financing and Bonds
- § 27-76-601 - Financing Generally.
(a) A regional mobility authority may be financed or supported by receiving the following: (1) If requested and adopted, revenue from the levy by...
- § 27-76-602 - Authority to Issue Bonds.
(a) If a regional mobility authority created under this chapter owns or operates or proposes to own or operate a transportation system and desires...
- § 27-76-603 - Tax Exempt Status.
Bonds issued under this chapter and income from the bonds, including any profit made on the sale or transfer of the bonds, are exempt...
- § 27-76-604 - Bond Resolution Required.
(a) Bonds issued in accordance with this chapter shall be authorized by resolution of the board of directors of the regional mobility authority.(b) The...
- § 27-76-605 - Sale.
(a) The bonds may be sold in the manner, either at public or private sale, and upon the terms that the board of directors...
- § 27-76-606 - Proceeds.
(a) The proceeds of each bond issue shall be disbursed in the manner and under any restrictions as provided in the bond resolution.(b) (1)...
- § 27-76-607 - Repayment.
(a) Bonds issued under this chapter shall be payable from revenues derived from the regional mobility authority's transportation system and any other unrestricted funds...
- § 27-76-608 - Lien in Favor of Bondholders.
(a) The payment of the principal of bonds issued under this chapter and the interest thereon may be secured by a lien on and...
- § 27-76-609 - Refunding Bonds.
(a) (1) Bonds may be issued for the purpose of refunding any obligations issued under this chapter or otherwise. (2) The refunding bonds may...
- § 27-76-610 - Interim Bonds.
(a) Before issuing definitive bonds, a regional mobility authority may issue interim bonds with or without coupons exchangeable for definitive bonds.(b) The interim bonds...
- § 27-76-611 - Revolving Fund.
(a) A regional mobility authority may maintain a revolving fund to be held in trust by a banking institution chosen by the regional mobility...
Last modified: November 15, 2016