reglab/housing_qa huggingface dataset:
AR Code § 14-163-213 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 163 - Industrial Commissions|Subchapter 2 - Cities of the First Class in Counties of 105,000 or More|§ 14-163-213. Bonds, coupons — Execution — Seal

 (a)  (1) Bonds issued under this subchapter may be executed by the manual or fascimile signature of the mayor of the city but must contain the manual signature of the city clerk of the city.  (2) Coupons attached to the bonds shall be executed by the facsimile signature of the mayor of the city.    (b) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before delivery of the bonds or coupons, their signatures shall nevertheless be valid and sufficient for all purposes.  (c) The bonds shall be sealed with the seal of the city.
AR Code § 14-163-214 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 163 - Industrial Commissions|Subchapter 2 - Cities of the First Class in Counties of 105,000 or More|§ 14-163-214. Bonds — Conversion

 Bonds issued under this subchapter may be sold with the privilege of conversion to an issue bearing a lower rate or rates of interest, upon such terms and subject to such conditions as the governing body of the city shall determine. However, under no circumstances shall the city receive less or pay more than it would receive and pay if the bonds were not converted, and any conversion shall be subject to the approval of the governing body of the city.
AR Code § 14-163-215 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 163 - Industrial Commissions|Subchapter 2 - Cities of the First Class in Counties of 105,000 or More|§ 14-163-215. Bonds — Tax exemption

 Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes, and this exemption shall include income, inheritance, and estate taxes.
AR Code § 14-163-216 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 163 - Industrial Commissions|Subchapter 2 - Cities of the First Class in Counties of 105,000 or More|§ 14-163-216. Refunding bonds

 (a) Bonds may be issued under this subchapter for the purpose of refunding any bonds theretofore issued under this subchapter.  (b) Refunding bonds may be issued alone or combined with bonds issued under this subchapter into a single issue for the purpose of refunding outstanding bonds and for the purpose of accomplishing any authorized purpose or power.  (c)  (1) When refunding bonds are issued, the bonds may be either sold or delivered in exchange for the outstanding bonds being refunded.  (2) If sold, the proceeds may either be applied to the payment of the bonds being refunded, or the proceeds may be deposited in escrow for the retirement of them.    (d) All refunding bonds shall be, in all respects, authorized, issued, and secured in the manner provided for other bonds issued under this subchapter and shall have all the attributes of these bonds.  (e) If refunding bonds alone are being issued which have the same maturity years as the bonds being refunded and to which the same special continuing annual tax theretofore voted for the bonds being refunded is to be pledged, no petition need be filed and no election need be held prior to the governing body authorizing the issuance of the refunding bonds by ordinance as prescribed in this subchapter.
AR Code § 14-163-217 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 163 - Industrial Commissions|Subchapter 2 - Cities of the First Class in Counties of 105,000 or More|§ 14-163-217. Investment in bonds authorized

 Bonds issued under this subchapter shall be eligible to secure deposits of all public funds and shall be legal for the investment of bank, insurance company, and retirement funds.
AR Code § 14-164-201 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-201. Title

 This subchapter shall be referred to and may be cited as the “Municipalities and Counties Industrial Development Revenue Bond Law.”
AR Code § 14-164-202 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-202. Purpose

 This subchapter is intended to supplement all constitutional provisions and other legislation designed to secure and develop industry and, when applied in accordance with its provisions, may be used by any municipality or county as an alternative notwithstanding any constitutional provision or any other legislation authorizing a municipality or county or any commission or agency thereof to issue bonds for the purpose of securing and developing industry.
AR Code § 14-164-204 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-204. Construction

 (a) This subchapter shall be liberally construed to accomplish its intent and purposes and shall be the sole authority required for the accomplishment of its purpose. To this end, it shall not be necessary to comply with general provisions of other laws dealing with public facilities, their acquisition, construction, leasing, encumbering, or disposition.  (b)  (1) The practice of municipalities and counties and their authority to loan the proceeds of industrial development revenue bonds to accomplish the purposes set forth in § 14-164-205 is explicitly confirmed and ratified.  (2) All loans previously made by a municipality or county shall be considered for all purposes as if made under the authority of this subchapter.
AR Code § 14-164-205 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-205. Authority to develop industry

 Any municipality or any county is authorized to own, acquire, construct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, or contract concerning, or otherwise deal in or dispose of, any land, buildings, or facilities of any and every nature whatever that can be used in securing or developing industry within or near the municipality or county.
AR Code § 14-164-206 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-206. Authority to issue revenue bonds

 (a) Municipalities and counties are authorized to use any available revenues for the accomplishment of the purposes set forth in § 14-164-205 and are authorized to issue revenue bonds and to loan and otherwise use the proceeds thereof for the accomplishment of the purposes set forth in § 14-164-205, either alone or together with other available funds and revenues.  (b)  (1) The proceeds of bonds issued may be used or loaned to pay:  (A) All or any portion of the costs of accomplishing the specified purposes;  (B) All or any portion of the costs of issuing the bonds;  (C) The amount necessary for a reserve, if desirable;  (D) The amount necessary to provide debt service on the bonds until revenues for payment of the bonds are available; and  (E) Any other costs of whatever nature necessarily incidental to the accomplishment of the specified purposes.    (2)  (A) In addition, revenue bonds are authorized for the purpose of refunding any bonds issued and outstanding by a municipality or county under the provisions of Arkansas Constitution, Amendment 49 [repealed], it being declared that the refunding will be in the best interest of the municipality or county involved and will be in furtherance of the purpose of securing and developing industry in that the tax levied for Arkansas Constitution, Amendment 49 [repealed] bonds being refunded will, by virtue of the refunding, be released and thereby made available for a subsequent bond issue under Arkansas Constitution, Amendment 49 [repealed].  (B) The bonds issued under this subchapter for the purpose of refunding Arkansas Constitution, Amendment 49 [repealed] bonds may be issued solely for that purpose or may be issued for that purpose and for the accomplishment of any other purposes set forth in § 14-164-205.
AR Code § 14-164-207 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-207. Applicability of §§ 14-164-208 — 14-164-216, and 14-164-218

 The provisions of this section and §§ 14-164-208 — 14-164-216 and 14-164-218 shall not restrict the issuance of any bonds with regard to which a resolution, ordinance, order, or like action authorizing or committing to the issuance of bonds shall have been adopted or taken by a municipality or county prior to March 16, 1981.
AR Code § 14-164-208 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-208. Adoption of bond ordinance or order

 (a)  (1) Revenue bonds authorized by this subchapter may be issued by a municipality upon the adoption of an ordinance for that purpose by the governing body of the municipality.  (2) Revenue bonds authorized by this subchapter may be issued by a county upon the entry of an order of the county court of the county.    (b) The ordinance or order shall state the purpose for which the revenue bonds are to be issued and the total principal amount of the issue.  (c)  (1) No ordinance or order shall be adopted or entered until after a public hearing is held before the governing body of the municipality or the county court of the county. However, no public hearing shall be required for the issuance of bonds for the purpose of refunding any obligations issued under this subchapter.  (2) At least ten (10) days prior to the date of the hearing, notice of it shall be published one (1) time in a newspaper of general circulation in the municipality or county.    (d) After the hearing, which may be adjourned from time to time, the ordinance or order as introduced or as modified or amended may be adopted or entered.  (e)  (1) The notice provided for in this section shall be published by the mayor, clerk, or recorder of the municipality or by the county judge or county clerk of the county.  (2) It shall not be necessary that the action be taken by the governing body or county court to direct publication of the notice.    (f)  (1)  (A) A municipal ordinance authorizing bonds shall be published one (1) time in a newspaper of general circulation in the municipality.  (B) It shall not be necessary to publish a county court order authorizing bonds.  (C) It shall not be necessary to comply with general provisions of other laws dealing with the publication or posting of ordinances or orders.    (2)  (A) Subdivision (f)(1) of this section applies to all ordinances and orders adopted or entered under this section before March 28, 2007.  (B) An ordinance or order adopted or entered before March 28, 2007, shall be considered for all purposes as if adopted or entered under the authority of this subsection.  (C) An ordinance adopted before March 28, 2007, shall not be held to be invalidly adopted for noncompliance with § 14-55-206.
AR Code § 14-164-209 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-209. Bonds — Issuance — Authorizing resolution

 (a) The issuance of revenue bonds shall be by an ordinance of the municipality or an order of the county court, as the case may be.  (b) In the ordinance of the municipality or the order of the county court authorizing the issuance of revenue bonds, the municipality or the county may:  (1) Provide for the initial issuance of one (1) or more bonds aggregating the principal amount of the entire issue and may, in the ordinance or order, make such provisions for installment payments of the principal amount of the bonds as it may consider desirable; and  (2) Provide for the bonds to be payable to the bearer with interest coupons, or to be registrable as to principal only with interest coupons, or to be registrable as to principal and interest, and where interest accruing thereon is not represented by interest coupons, for the endorsement of payment of interest on the bonds.
AR Code § 14-164-210 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-210. Bonds — Terms and conditions

 (a) The bonds may be in bearer or registered form, with or without coupons, and may be subject to exchange or modification in that regard, and, as the ordinance may provide, may:  (1) Be issued in one (1) or more series;  (2) Bear such date or dates;  (3) Mature at such time or times, not exceeding thirty (30) years from their respective dates;  (4) Bear interest at such rate or rates;  (5) Be in such form;  (6) Be executed in such manner;  (7) Be payable in such medium of payment, at such place or places;  (8) Be subject to such terms of redemption; and  (9) Contain such terms, covenants, and conditions, including, without limitation, those pertaining to:  (A) The custody and application of proceeds of the bonds;  (B) The collection and disposition of revenues;  (C) The maintenance of various funds and reserves;  (D) The nature and extent of the security;  (E) The rights, duties, and obligations of the municipality or county and the trustee for the holders or registered owners of the bonds; and  (F) The rights of the holders or registered owners of the bonds.      (b) The bonds shall have all the qualities of negotiable instruments under the negotiable instruments laws of this state.
AR Code § 14-164-211 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-211. Bonds — Trust indenture, lease, etc

 (a) The ordinance or order may provide for the execution by the municipality or county of an indenture which defines the rights of the bondholders and provides for the appointment of a trustee for the bondholders.  (b) The indenture may control the priority between successive issues and may contain any other items, covenants, and conditions that are deemed desirable, including, without limitation, those pertaining to:  (1) The custody and application of the proceeds of the bonds;  (2) The collection and disposition of revenues;  (3) The maintenance of various funds and reserves;  (4) The nature and extent of the security;  (5) The rights, duties, and obligations of the municipality or county and the trustee for the holders or registered owners of the bonds; and  (6) The rights of the holders or registered owners of the bonds.    (c) It shall not be necessary for the municipality to publish any indenture, lease, or any other agreement if the ordinance authorizing an indenture, the ordinance authorizing a lease, or the ordinance authorizing any other agreement is published as required by the law governing the publication of ordinances of a municipality and the ordinance advises that a copy of the indenture, lease, or other agreement, as the case may be, is on file in the office of the clerk or recorder of the municipality for inspection by an interested person, and the copy of the indenture, lease, or other agreement, as the case may be, is filed with the clerk or recorder of the municipality.
AR Code § 14-164-212 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-212. Bonds and coupons — Execution

 (a)  (1)  (A) The bonds shall be executed by the mayor and the city clerk or recorder of the municipality, or by the county judge and the county clerk of the county, as the case may be.  (B) One (1) signature may be facsimile, but one (1) signature must be manual.    (2) The coupons attached to the bonds may be executed by the facsimile signature of the mayor or county judge.    (b) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before the delivery of the bonds or coupons, their signatures shall nevertheless be valid and sufficient for all purposes.
AR Code § 14-164-213 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-213. Bonds — Sale

 The bonds may be sold for such price, including, without limitation, sale at a discount, and in such manner as the municipality or county may determine by ordinance or order.
AR Code § 14-164-214 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-214. Bonds — Conversion

 The municipality or the county may make provision in the ordinance or order for the manner and circumstances in which and under which bonds issued under this section may, in the future at the request of the holders or registered owners thereof, be converted into bonds of smaller denomination. The bonds of smaller denomination may in turn be either coupon bonds payable to bearer or bonds registrable as to principal only, or bonds registrable as to both principal and interest.
AR Code § 14-164-215 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-215. Bonds — Successive issues

 There may be successive bond issues for the purpose of financing the same industrial projects, including land, buildings, or facilities, involving one (1) or more industries, and there may be successive bond issues for financing the cost of reconstructing, replacing, constructing additions to, extending, improving, and equipping industrial projects, including land, buildings, or facilities, already in existence, whether or not originally financed by bonds issued under this subchapter, with each successive issue to be authorized as provided by this subchapter.
AR Code § 14-164-216 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-216. Bonds — Priority among issues

 Priority between and among issues and successive issues as to security of the pledge of revenues and mortgage liens on the land, buildings, and facilities involved may be controlled by the ordinance or order authorizing the issuance of bonds under this subchapter.
AR Code § 14-164-217 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 164 - Industrial Development Bonds|Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law|§ 14-164-217. Bonds — Payment

 (a)  (1) Revenue bonds issued under this subchapter shall not be general obligations of the municipality or county, but shall be special obligations, and in no event shall the revenue bonds constitute an indebtedness of the municipality or county within the meaning of any constitutional or statutory limitation.  (2) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter and that it does not constitute an indebtedness of the municipality or county within any constitutional or statutory limitation.    (b)  (1) The principal of and interest on the revenue bonds and trustee's and paying agent's fees shall be payable from one (1) or more of the following sources as determined by the municipality or county:  (A) Revenues derived from the lands, buildings, or facilities acquired, constructed, reconstructed, extended, or improved, in whole or in part, with the proceeds of the bonds;  (B) Surplus revenues derived from other lands, buildings, or facilities used and useful for securing and developing industry;  (C) Surplus revenues derived from water, sewer, sanitation, gas, and electric utilities owned by the municipality or county;  (D) Revenues derived from payments in lieu of ad valorem taxes to the municipality or county with respect to the lands, buildings, or facilities acquired, constructed, reconstructed, extended, or improved, in whole or in part, with the proceeds of the bonds; and  (E) Revenues derived from governmental grants and tax rebates and credits received or anticipated to be received with respect to the lands, buildings, or facilities acquired, constructed, reconstructed, extended, or improved, in whole or in part, with the proceeds of the bonds.    (2) The revenues may also be pledged to and used for the reimbursement for payments of the principal of and interest on the bonds and trustee's and paying agent's fees made by the Arkansas Economic Development Commission or the Arkansas Economic Development Council pursuant to guaranties issued under the Industrial Revenue Bond Guaranty Law, § 15-4-601 et seq., or made by the Arkansas Development Finance Authority pursuant to guaranties issued under the Arkansas Development Finance Authority Bond Guaranty Act of 1985, § 15-5-401 et seq.  (3) Surplus funds on hand derived from the water, sewer, sanitation, gas, and electric utilities owned by the municipality or county may also be pledged and used for any of the foregoing purposes, including the establishment and maintenance of a reserve fund or funds for the payment of the principal of and interest on the bonds and trustee's and paying agent's fees or the reimbursement thereof.