reglab/housing_qa huggingface dataset:
AR Code § 15-22-705 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-705. Waste disposal and pollution abatement facilities bonds — Authority to issue

 The Arkansas Natural Resources Commission is authorized to issue bonds of the State of Arkansas, to be known as “State of Arkansas Waste Disposal and Pollution Abatement Facilities General Obligation Bonds”, in total principal amount not to exceed two hundred fifty million dollars ($250,000,000), for the purposes set forth in this subchapter. The bonds may be issued in one (1) or more series as required subject to the conditions and in compliance with the procedures set forth in this subchapter.
AR Code § 15-22-706 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-706. Bonds — Principal amount

 The total principal amount of bonds to be issued during any fiscal biennium shall not exceed fifty million dollars ($50,000,000), unless the General Assembly, by law, shall have authorized a greater principal amount to be issued during a fiscal biennium.
AR Code § 15-22-707 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-707. Bonds — Approval of Governor

 (a) Before any bonds may be issued during any fiscal biennium, the Arkansas Natural Resources Commission shall submit to the Governor a written plan for the work or projects to be financed with the proceeds derived from the sale of the bonds, the need for the work or projects, and the estimated benefits of the projects.  (b) Upon receipt of the written plan, the Governor shall confer with the Chief Fiscal Officer of the State concerning whether the annual amount of general revenue funds required to be set aside from the general revenues, as that term is defined in the Revenue Stabilization Law, § 19-5-101 et seq., for payment of debt service requirements in connection with the bonds during either year of the fiscal biennium in which the bonds are to be issued would require moneys from the general revenues for allocation that would work undue hardship upon any agency or program supported from general revenues under the provisions of the Revenue Stabilization Law, § 19-5-101 et seq.  (c) Upon conclusion of the studies and after obtaining the advice of the Legislative Council, the Governor, if he or she deems it to be in the public interest, shall by proclamation authorize the commission to proceed with the issuance of the bonds as provided in this subchapter.  (d) If the Governor shall decline or refuse to give his or her approval for the issuance of the bonds and shall decline to issue a proclamation approving the issuance of the bonds, the Governor shall promptly notify the commission, in writing, and the commission shall not issue the bonds, but it may thereafter, but not sooner than one (1) year from the date of the earlier submission, resubmit a request to the Governor for the issuance of the bonds.  (e) The issue as resubmitted to the Governor shall be dealt with in the same manner as provided for the initial request for authority to issue the bonds.
AR Code § 15-22-708 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-708. Bonds — Purpose of issuance and application of proceeds

 Bonds issued under this subchapter shall be issued for the purpose of financing and development of waste disposal facilities or pollution abatement facilities, and the proceeds of the bonds shall be applied for the payment of project costs and the costs and expenses of issuance of the bonds.
AR Code § 15-22-709 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-709. Bonds — Form

 The bonds may be issued in the form of coupon bonds, payable to bearer, or as bonds registered as to principal only with interest coupons, or as bonds registered as to both principal and interest without coupons; may be in such denominations; and may be made exchangeable for bonds of another form or denomination, bearing the same rate of interest; may be made payable at such places within or without the state; may be made subject to redemption prior to maturity in such manner and for such redemption prices; and may contain such other terms and conditions, all as the Arkansas Natural Resources Commission shall determine.
AR Code § 15-22-710 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-710. Bonds — Individual series

 (a) The bonds shall be issued in series as set forth in this section, in amounts sufficient to finance all or any part of project costs with the respective series to be designated in alphabetical order or by the year in which issued.  (b) The bonds of each series shall:  (1)  (A) Have such date as the Arkansas Natural Resources Commission shall determine and shall mature annually, or be subject to mandatory sinking fund redemption, over a period ending not later than thirty (30) years after the date of the bonds of each series so as to provide annual debt service of approximately equal amounts insofar as practicable throughout the term of the bonds, as determined by the commission.  (B) Pending the issuance of bonds under this subchapter, the commission may issue temporary notes, maturing not more than five (5) years from the date of issuance, to be exchanged for or paid from the proceeds of bonds at such time as the bonds may be issued;    (2)  (A) Bear interest at the rate or rates accepted by the commission at the public sale of the bonds.  (B) Interest shall be payable at such times as the commission shall determine; and    (3) Have all the qualities of negotiable instruments under the laws of the State of Arkansas, subject to the provisions regarding registration of ownership set forth in § 15-22-709.
AR Code § 15-22-711 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-711. Bonds — Authorizing resolution, trust indenture, and selection of projects

 (a)  (1) The bonds shall be authorized by resolution of the Arkansas Natural Resources Commission.  (2) Each resolution shall contain such terms, covenants, and conditions as are deemed desirable, including, without limitation, those pertaining to the establishment and maintenance of funds and accounts, to the deposit and investment of revenues and of bond proceeds, and to the rights and obligations of the state, its officers and officials, the commission, and the holders or registered owners of the bonds.  (3) The resolution of the commission may provide for the execution and delivery by the commission of a trust indenture or trust indentures with a bank or banks located within or without the state, containing any of the terms, convenants, and conditions referred to in this subsection. The trust indenture or trust indentures shall be binding upon the state and its officers and officials to the extent set forth in this subchapter.    (b) Any resolution or trust indenture adopted or executed under this section shall provide that power is reserved:  (1) To apply to the payment of debt service on the bonds issued or secured thereunder all or any part of the revenues derived from any project financed by the bonds; and  (2) To the extent of the revenues, to release from any requirement of the resolution or trust indenture other revenues and resources of the state, including, without limitation, the general revenues for allocation required to be transferred under § 15-22-715.    (c) The commission shall endeavor to select projects for financing and development under this subchapter which offer reasonable and realistic prospects of the production of revenues, whether by direct user fees, taxes, or otherwise.
AR Code § 15-22-712 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-712. Bonds — Execution and delivery

 (a)  (1) Each bond shall be signed with the facsimile signatures of the Governor, the Secretary of State, and the Chair of the Arkansas Natural Resources Commission and with the manual signature of the Treasurer of State or by one (1) or more deputies of the Treasurer of State.  (2) Each bond shall have affixed or imprinted thereon the Great Seal of the State of Arkansas.    (b) Interest coupons attached to the bonds, if any, shall be signed with the facsimile signature of the Treasurer of State.  (c) Delivery of the bonds and coupons so executed shall be valid, notwithstanding any change in persons holding such offices occurring after the bonds have been executed.
AR Code § 15-22-713 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-713. Bonds — Sale after notice

 (a) Bonds shall be sold at public sale on sealed bids, after notice published by the Chair of the Arkansas Natural Resources Commission by at least one (1) insertion not less than twenty (20) days before the date of sale in a newspaper published in the City of Little Rock and in a financial newspaper or journal published in the Borough of Manhattan, City and State of New York.  (b) The Arkansas Natural Resources Commission shall award the sale of the bonds to the bidder offering to purchase the bonds at a price which results in the lowest net interest cost to the State of Arkansas, determined by computing the total interest cost from date to maturity and deducting therefrom any premium bid and adding thereto the amount of any discount bid.  (c) The commission shall reserve the right to reject all bids tendered at the public sale.  (d) The notice shall contain such other terms and provisions as the commission determines to be desirable.  (e) The costs of publication of notices and of printing of the bonds, official statements, and other documents relating to the sale of the bonds shall be paid from the proceeds of the bonds.  (f) The commission may employ administrative agents, fiscal agents, and legal counsel and may pay them reasonable compensation from the proceeds of the bonds.
AR Code § 15-22-714 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-714. Bonds as general obligations of state — Pledge of revenues

 (a) The bonds shall be the direct general obligations of the State of Arkansas for the payment of debt service on which the full faith and credit of the State of Arkansas are irrevocably pledged so long as any such bonds are outstanding.  (b) The bonds shall be payable from the general revenues of the state as that term is defined in the Revenue Stabilization Law, § 19-5-101 et seq., and such amount of general revenues as is necessary is pledged to the payment of debt service on the bonds and shall be and remain pledged for that purpose.
AR Code § 15-22-716 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-716. Tax exemption — Legal investment

 (a) All bonds issued under this subchapter and interest on the bonds shall be exempt from all taxes of the State of Arkansas, including income, inheritance, and property taxes.  (b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.
AR Code § 15-22-717 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-717. Contract not to be impaired — Remedies of bondholder

 (a) This subchapter shall constitute a contract between the State of Arkansas and the holders or registered owners of all bonds issued under this subchapter which shall never be impaired, and any violation of its terms, whether under purported legislative authority or otherwise, shall be enjoined by the courts at the suit of any bondholder or any taxpayer.  (b) The courts, in like suit against the Arkansas Natural Resources Commission, the Treasurer of State, or other appropriate officer or official of the state, shall prevent a diversion of any revenues pledged under this subchapter and shall compel the restoration of diverted revenues by injunction or mandamus.  (c) In addition and without limitation as to any other appropriate remedy at law or in equity, any bondholder, by an appropriate action, including, without limitation, injunction or mandamus, may compel the performance of all covenants and obligations of the state, its officers, and its officials under this subchapter.
AR Code § 15-22-718 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-718. Creation of rights

 This subchapter shall not create any right of any character and no right of any character shall arise under or pursuant to it unless and until the first series of bonds authorized by this subchapter shall have been sold and delivered.
AR Code § 15-22-719 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-719. Deposit of proceeds of sale of bonds

 (a) The proceeds from the sale of the bonds, together with all revenues derived by the Arkansas Natural Resources Commission from any project financed under this subchapter, shall be deposited by the commission, as received, into trust funds in the State Treasury to accomplish the purposes of this subchapter, in amounts or portions as set forth in the resolution or trust indenture authorizing or securing the bonds issued to finance the development of the project into trust funds created by this section and designated as follows:  (1) Into the Waste Disposal and Pollution Abatement Facilities Construction Fund to provide for the development of projects and the payment of the costs and expenses of the issuance of the bonds;  (2) Into the Waste Disposal and Pollution Abatement Facilities Bond Fund to provide for payment for all or a part of debt service on bonds issued under this subchapter;  (3) Into the Waste Disposal and Pollution Abatement Facilities Debt Service Reserve Fund to provide for a reserve or reserves for payment of debt service on the bonds; and  (4) Into the Waste Disposal and Pollution Abatement Facilities Operation and Maintenance Fund to provide for all or a part of the operation and maintenance of the projects financed under this subchapter.    (b)  (1) The Treasurer of State is authorized and directed to establish separate accounts within such funds to correspond to the applicable series of bonds.  (2) In addition, there may be created in the State Treasury such other funds, accounts, or subaccounts as the commission may determine in the resolution or trust indenture to be necessary to accomplish the purposes of this subchapter.
AR Code § 15-22-720 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-720. Investment of moneys

 Any moneys held in any fund created under this subchapter shall be invested by the State Board of Finance to the full extent practicable pending disbursement for the purposes intended. Notwithstanding any other provision of law, the investments shall be in accordance with the terms of the resolution or trust indenture authorizing or securing the series of bonds to which the fund appertains to the extent the terms of such a resolution or trust indenture are applicable.
AR Code § 15-22-721 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 7 - Arkansas Waste Disposal and Pollution Abatement Facilities Financing Act of 1987|§ 15-22-721. Expediting cases

 Any case involving the validity of this subchapter or involving the bonds issued under this subchapter shall be deemed of public interest and shall be advanced by all courts and heard as a preferred cause, and all appeals from judgments or decrees rendered in such cases must be taken within thirty (30) days after rendition of the judgment or decree.
AR Code § 15-22-801 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 8 - Arkansas Water Resources Cost Share Finance Act|§ 15-22-801. Title

 This subchapter shall be known and cited as the “Arkansas Water Resources Cost Share Finance Act”.
AR Code § 15-22-802 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 8 - Arkansas Water Resources Cost Share Finance Act|§ 15-22-802. Purpose

 The purpose of this subchapter is to provide the state and local political subdivisions of the State of Arkansas with the nonfederal share of their financial obligations required under any local cooperative agreements entered into with the federal government.
AR Code § 15-22-803 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 8 - Arkansas Water Resources Cost Share Finance Act|§ 15-22-803. Definitions

 As used in this subchapter:   (1) “Commission” means the Arkansas Natural Resources Commission;  (2) “Cooperative agreement” means an agreement entered into between the federal government and the state and a local government in Arkansas;  (3) “Cost sharing” means a program in which the state or local governments in Arkansas are financially responsible for the nonfederal share of various water resources development projects;  (4) “Local governments” means all political subdivisions of the State of Arkansas which shall include, but not be limited to:  (A) Cities of the first class, cities of the second class, and incorporated towns;  (B) All county governments and their agencies;  (C) All regional water districts;  (D) All conservation districts;  (E) All irrigation and drainage improvement districts;  (F) All levee improvement districts;  (G) All drainage improvement districts;  (H) All drainage and levee improvement districts; and  (I) Other political subdivisions of the state;    (5) “Revolving fund” means the Arkansas Water Resources Cost Share Revolving Fund created by this subchapter;  (6) “State” means the State of Arkansas or its instrumentalities; and  (7) “Water resources development project” means the construction, acquisition, ownership, replacement, operation, and maintenance of facilities, including land, easements, and works of improvement, for the protection, conservation, preservation, development, utilization, and proper disposal of the state's water resources and related land resources in order to:  (A) Provide for the people of the state:  (i) Adequate supplies of quality water for municipal, industrial, agricultural, recreational, and domestic purposes;  (ii) Water for navigation; and  (iii) Access to the state's lakes and streams and parks and other recreational sites along their shores; and    (B) Reclaim, preserve, and protect the state's land resources and adequately protect the wealth of the state from disastrous floods.
AR Code § 15-22-804 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 8 - Arkansas Water Resources Cost Share Finance Act|§ 15-22-804. Duties of commission

 The Arkansas Natural Resources Commission shall:   (1) Administer the loan and grant programs authorized under this subchapter;  (2) Take necessary action to ensure that the funds are used for the purposes established in this subchapter and in accordance with state and federal laws; and  (3) In accordance with the Arkansas Administrative Procedure Act, § 25-15-201 et seq., promulgate such rules and procedures necessary for the operation of this program.
AR Code § 15-22-805 (2020)
2020 Arkansas Code|Title 15 - Natural Resources and Economic Development|Subtitle 2 - Land and Water Resources Generally|Chapter 22 - Water Resources|Subchapter 8 - Arkansas Water Resources Cost Share Finance Act|§ 15-22-805. Loans or grants — Amounts

 (a) The Arkansas Natural Resources Commission is authorized to make either loans or grants to local governments to provide them with the nonfederal interest's share of the cost share for a water resources development project.  (b)  (1) The commission shall not make a loan or grant to a local government for more than fifty percent (50%) of the total project cost for a water resources development project.  (2) If the commission determines to provide assistance for a water resources project without the requirement of the execution of a cooperative agreement, the commission may provide up to sixty-five percent (65%) of the total project cost in the form of a loan or grant to the local government.