reglab/housing_qa huggingface dataset:
AR Code § 14-167-212 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-212. Bonds — Successive issues

 There may be successive bond issues for the purpose of financing the same energy project, and there may be successive bond issues for financing the cost of reconstructing, replacing, constructing additions to, extending, improving, and equipping energy projects 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 § 14-167-213 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-213. Bonds — Priority among issues

 Priority between and among issues and successive issues as to security of the pledge of revenues and lien on the energy project involved may be controlled by the ordinance authorizing the issuance of bonds under this subchapter.
AR Code § 14-167-214 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-214. Bond obligation

 (a)  (1) The 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 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) The principal of, and interest on, the bonds shall be secured by a pledge of, and shall be payable from, revenues derived from the energy project acquired, constructed, reconstructed, extended, or improved, in whole or in part, with the proceeds of the bonds.
AR Code § 14-167-215 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-215. Refunding bonds

 (a)  (1) Bonds may be issued for the purpose of refunding any obligations issued under this subchapter.  (2) Refunding bonds may be combined with bonds issued under the provisions of §§ 14-167-207 — 14-167-213 into a single issue.    (b)  (1) When bonds are issued under this section for refunding purposes, the bonds may either be sold or delivered in exchange for the outstanding obligations.  (2) If sold, the proceeds may be either applied to the payment of the obligations refunded or deposited in escrow for the retirement of them.    (c)  (1) All bonds issued under this section shall, in all respects, be authorized, issued, and secured in the manner provided for other bonds issued under this subchapter and shall have all the attributes of such bonds.  (2) The ordinance under which refunding bonds are issued may provide that any of the refunding bonds shall have the same priority of lien on the revenues pledged for their payment as was enjoyed by the obligations refunded by them.
AR Code § 14-167-216 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-216. Mortgage lien

 (a) The ordinance or indenture referred to in § 14-167-207 or § 14-167-209 may, but need not, impose a foreclosable mortgage lien upon the land, buildings, or other properties acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds of bonds issued under this subchapter.  (b) The nature and extent of the mortgage lien may be controlled by the ordinance or indenture including, without limitation, provisions pertaining to:  (1) The release of all or part of the land, buildings, or other properties from the mortgage lien; and  (2) The priority of the mortgage lien in the event of successive bond issues as authorized by § 14-167-212.    (c) The ordinance or indenture authorizing or securing the bonds may authorize any holder or registered owner of bonds issued under the provisions of this subchapter, or a trustee on behalf of all holders and registered owners, either at law or in equity, to enforce the mortgage lien and, by proper suit, compel the performance of the duties of the officials of the issuing municipality or county set forth in this subchapter and set forth in the ordinance or indenture authorizing or securing the bonds.  (d) References in this subchapter to mortgage lien shall include and mean security interest in any personal property embodied in properties acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds of bonds issued under this subchapter.
AR Code § 14-167-217 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-217. Receivership

 (a)  (1) The ordinance or indenture referred to in § 14-167-207 or § 14-167-209 may, but need not, provide that in the event of a default in the payment of the principal of, or interest on, any bonds issued under this subchapter, any court having jurisdiction may appoint a receiver to take charge of the land, buildings, or other properties acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds of bonds.  (2) The receiver shall have the power to operate and maintain the land, buildings, or other properties and to charge and collect rates or rents sufficient to provide for the payment of the principal of and interest on the bonds, after providing for the payment of all costs of receivership and operating expenses of the land, buildings, or other properties, and to apply the income and revenues derived from the land, buildings, or other properties in conformity with this subchapter and the ordinance or indenture authorizing or securing the bonds.  (3) When the default has been cured, the receivership shall be ended and the properties returned to the municipality or county.    (b)  (1) The relief afforded by this section shall be construed to be in addition and supplemental to the remedies that may be afforded to the trustee for the holders and registered owners of the bonds in the ordinance or indenture authorizing or securing the bonds.  (2) The relief shall be so granted and administered as to accord full recognition to priority rights of holders and registered owners of the bonds as to the pledge of revenues from, and the mortgage lien on, land, buildings, or other properties as specified in, and fixed by, the ordinance or indenture authorizing or securing successive bond issues.
AR Code § 14-167-218 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-218. Bonds — Tax exemption

 Bonds issued under this subchapter and interest on them shall be exempt from all state, county, municipal, and school district taxes.
AR Code § 14-167-219 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-219. Public funds investment

 (a) Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the boards of trustees, respectively, of firemen's relief and pension funds and policemen's pension and relief funds of any municipality, or the board of trustees of any retirement system created by the General Assembly, may invest, in its discretion, any of its funds not immediately needed for its purposes in bonds issued under the provisions of this subchapter.  (b) Bonds issued under the provisions of this subchapter shall be eligible to secure the deposit of public funds.
AR Code § 14-167-220 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 167 - Energy Resources and Conservation|Subchapter 2 - Energy Conservation and Renewable Energy Resource Financing|§ 14-167-220. Intergovernmental agreements

 Municipalities and counties are authorized to enter into and carry out appropriate agreements with any agency or political subdivision of the federal government or of the State of Arkansas pertaining to the accomplishment of the purposes authorized by this subchapter, including, without limitation, loan agreements for the borrowing of money and agreements pertaining to grants.
AR Code § 14-168-302 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-302. Construction

 The General Assembly declares that this subchapter is necessary for the welfare of this state and its inhabitants, and it is the intent of the General Assembly that it is to be broadly construed to effect its purpose.
AR Code § 14-168-303 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-303. Powers supplemental

 The powers conferred by this subchapter are in addition and supplemental to the powers conferred upon local governments and improvement districts by the General Assembly relating to the issuance of bonds.
AR Code § 14-168-307 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-307. Project plan — Amendment

 (a) The local governing body may adopt by ordinance an amendment to a project plan.  (b)  (1) Adoption of an amendment to a project plan shall be preceded by a public hearing held by the local governing body as provided in § 14-168-306(e)(1), at which interested parties shall be afforded a reasonable opportunity to express their views on the amendment.  (2)  (A) Notice of the hearing shall be published in a newspaper of general circulation in the city or county at least fifteen (15) days prior to the hearing.  (B) Prior to publication, a copy of the notice shall be sent by first-class mail to the chief executive officers of all local governments or entities having the power to levy taxes on property within the district and to the superintendent of any school district that includes property located within the proposed district.      (c)  (1) One (1) or more existing redevelopment districts may be combined pursuant to lawfully adopted amendments to the original plans for each district.  (2) Provided that the local governing body finds that the combination of the districts will not impair the security for any bonds previously issued pursuant to this subchapter.
AR Code § 14-168-308 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-308. Termination of districts

 (a)  (1) A redevelopment district shall not be in existence for a period longer than twenty-five (25) years, unless under the original redevelopment plan or by amendment of the original redevelopment plan bonds have been issued and the bonds would not be fully paid until after the date that is twenty-five (25) years from the date of creation of the district.  (2) In any event, a redevelopment district shall not be in existence for a period longer than forty (40) years.    (b) The local governing body may set a shorter period for the existence of the district and may also provide that bonds shall not have a final maturity on a date later than the termination date of the district.  (c) Upon termination of the district, further ad valorem tax revenues shall not be distributed to the special fund of the district.  (d)  (1) The local governing body shall adopt upon the expiration of the time periods set forth in this section an ordinance terminating the redevelopment district.  (2) A district shall not be terminated so long as bonds with respect to the district remain outstanding.
AR Code § 14-168-309 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-309. Costs of formation

 (a) The local government may pay, but shall have no obligation to pay, the costs of preparing the project plan or forming the redevelopment district.  (b) If the local government elects not to incur those costs, they shall be made project costs of the district and reimbursed from bond proceeds or other financing, or may be paid by developers, property owners, or other persons interested in the success of the redevelopment project.
AR Code § 14-168-310 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-310. Overlapping districts

 The boundaries of any redevelopment districts shall not overlap with any other redevelopment district.
AR Code § 14-168-311 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-311. Valuation of real property

 (a)  (1) Upon and after the effective date of the creation of a redevelopment project district, the county assessor of the county in which the district is located shall transmit to the county clerk, upon the request of the local governing body, the base value, total ad valorem rate, debt service ad valorem rate, and applicable ad valorem rate for the redevelopment district and shall certify to it.  (2)  (A) The assessor shall undertake, upon request of the local governing body, an investigation, examination, and inspection of the taxable real property in the district and shall reaffirm or revalue the base value for assessment of the property in accordance with the findings of the investigation, examination, and inspection.  (B) The assessor shall determine, according to his or her best judgment from all sources available to him or her, the full aggregate value of the taxable property in the district, which aggregate valuation, upon certification thereof by the assessor to the clerk, constitutes the base value of the area.      (b)  (1)  (A)  (i) The assessor shall give notice annually to the designated finance officer of each taxing unit having the power to levy taxes on property within each district of the current value and the incremental value of the property in the redevelopment district.  (ii) The assessor shall also determine the tax increment by applying the applicable ad valorem rate to the incremental value.    (B) The notice shall also explain that the entire amount of the tax increment allocable to property within the redevelopment district will be paid to the special fund of the redevelopment district.    (2) The assessor shall identify upon the assessment roll those parcels of property which are within each existing district specifying on it the name of each district.
AR Code § 14-168-313 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-313. Payments in lieu of taxes and other revenues

 (a) The local governing body may elect to deposit into the special fund of the redevelopment district all or any portion of payments in lieu of taxes on property within the redevelopment district, including that portion of the payments in lieu of taxes that would have been distributed to other local political subdivisions under § 14-164-703.  (b) Other revenues to be derived from the redevelopment project may also be deposited into the special fund at the direction of the local governing body.
AR Code § 14-168-314 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-314. Bonds generally

 (a)  (1) Bonds may be issued for project costs which may include interest prior to and during the carrying out of a project and for a reasonable time thereafter, with such reserves as may be required by any agreement securing the bonds and all other expenses incidental to planning, carrying out, and financing the project.  (2) The proceeds of bonds may also be used to reimburse the costs of any interim financing entered on behalf of the redevelopment district.    (b) Bonds issued under this subchapter shall be payable solely from the tax increment or other revenues deposited to the credit of the special fund of the redevelopment district and shall not be deemed to be a pledge of the faith and credit of the local government.  (c) Every bond issued under this subchapter shall recite on its face that it is a special obligation bond payable solely from the tax increment and other revenues pledged for its repayment.
AR Code § 14-168-315 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-315. Redevelopment bonds or notes — Authority to issue

 For the purpose of paying project costs or of refunding bonds, notes, or other evidences of indebtedness issued under this subchapter for the purpose of paying project costs, the local governing body may issue bonds, notes, or other evidences of indebtedness, in one (1) or more series, with the bonds or notes payable out of positive tax increments and other revenues deposited to the special fund of the redevelopment district.
AR Code § 14-168-316 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-316. Redevelopment bonds or notes — Authorizing resolution

 (a) Redevelopment bonds and notes shall be authorized by ordinance of the local governing body.  (b)  (1) The ordinance shall state the name of the redevelopment project district, the amount of bonds or notes authorized, and the interest rate to be borne by the bonds or notes.  (2) The ordinance may prescribe the terms, form, and content of the bonds or notes and such other matters as the local governing body deems useful, or it may include by reference the terms and conditions set forth in a trust indenture or other document securing the redevelopment bonds.
AR Code § 14-168-317 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-317. Redevelopment bonds or notes — Terms, conditions, etc

 (a)  (1) Redevelopment bonds or notes may not be issued in an amount exceeding the estimated aggregate project costs, including all costs of issuance of the bonds or notes.  (2) The redevelopment bonds and notes shall not be included in the computation of the constitutional debt limitation of a local government.    (b)  (1) The bonds or notes shall mature over a period not exceeding the date of termination of the redevelopment district, as determined pursuant to § 14-168-308.  (2) The bonds or notes may contain a provision authorizing their redemption, in whole or in part, at stipulated prices, at the option of the local government on any interest payment date and, if so, shall provide the method of selecting the bonds or notes to be redeemed.  (3) The principal and interest on the bonds and notes may be payable at any place set forth in the resolution, trust indenture, or other document governing the bonds.  (4) The bonds or notes shall be issued in registered form.  (5) The bonds or notes may be in any denominations.  (6) Each such bond or note is declared to be a negotiable instrument.    (c) The bonds or notes may be sold at public or private sale.  (d) Insofar as they are consistent with subdivision (a)(1) of this section and subsections (b) and (c) of this section, the provisions of §§ 14-169-220 and 14-169-221 relating to procedures for issuance, form, contents, execution, negotiation, and registration of municipal bonds and notes are incorporated by reference in subdivision (a)(1) of this section and subsections (b) and (c) of this section.  (e)  (1) The bonds may be refunded or refinanced and refunding bonds may be issued in any principal amount.  (2) Provided, that the last maturity of the refunding bonds shall not be later than the last maturity of the bonds being refunded.
AR Code § 14-168-318 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-318. Redevelopment bonds or notes — Security — Marketability

 To increase the security and marketability of redevelopment bonds or notes, the local government may:   (1) Create a lien for the benefit of the bondholders upon any public improvements or public works financed by the bonds; or  (2) Make such covenants and do any and all such actions, not inconsistent with the Arkansas Constitution, which may be necessary or convenient or desirable in order to additionally secure the bonds or notes, or which tend to make the bonds or notes more marketable according to the best judgment of the local governing body.
AR Code § 14-168-319 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 168 - Community Redevelopment Generally|Subchapter 3 - Community Redevelopment — Creation and Procedures|§ 14-168-319. Redevelopment bonds or notes — Special fund for repayment

 (a) Redevelopment bonds and notes are payable out of the special fund created for each redevelopment district under this subchapter.  (b)  (1) The local governing body shall irrevocably pledge all or part of the special fund to the payment of the bonds or notes.  (2) The special fund, or the designated part thereof, may thereafter be used only for the payment of the bonds or notes and their interest until they have been fully paid.    (c) A holder of the bonds or notes shall have a lien against the special fund for payment of the bonds or notes and interest on them and may bring suit, either at law or in equity, to enforce the lien.