reglab/housing_qa huggingface dataset:
AR Code § 14-142-219 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 142 - Local Government Library Bonds|Subchapter 2 - Local Government Library Bond Act|§ 14-142-219. Bonds generally — Interim borrowing

 (a) If the issuance of bonds is authorized in accordance with the provisions of this subchapter, a municipality or county is authorized to obtain interim financing pending the delivery of all or any part of the bonds from such sources and upon such terms as the municipality or the county shall determine.  (b) As evidence of any indebtedness so incurred, the municipality or the county may execute and deliver its promissory note or notes and pledge to the payment thereof the tax or taxes approved by the voters to be pledged to the bonds, and to otherwise secure the notes as bonds issued under this subchapter may be secured.  (c) The notes may:  (1) Bear such date or dates;  (2) Mature at such time or times, not exceeding three (3) years from their respective dates;  (3) Bear interest at such rate or rates;  (4) Be in such form;  (5) Be executed in such manner;  (6) Be payable at such place or places;  (7) Contain such provisions for prepayment prior to maturity; and  (8) Contain such other terms, covenants, and conditions      as the ordinance or order may provide which are not inconsistent with the provisions of this subchapter.
AR Code § 14-142-220 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 142 - Local Government Library Bonds|Subchapter 2 - Local Government Library Bond Act|§ 14-142-220. Refunding bonds

 (a) Bonds may be issued under this subchapter for the purpose of refunding any outstanding bonds issued hereunder.  (b)  (1) The refunding bonds may be either sold for cash or delivered in exchange for the outstanding obligations.  (2) If sold for cash, the proceeds may be either applied to the payment of the obligations refunded or deposited in an irrevocable trust for the retirement thereof either at maturity or on an authorized redemption date.    (c) Refunding bonds shall in all respects be authorized, issued, and secured in the manner provided for the bonds being refunded, and shall have all the attributes of the refunded bonds. However, if the refunding bonds are not in a greater principal amount than the bonds being refunded, the question of issuing such refunding bonds need not be submitted at an election.  (d) The ordinance or order under which the refunding bonds are issued may provide that any refunding bonds shall have the same priority of lien on all sources of taxation or other income as originally pledged for payment of the obligation refunded thereby.  (e)  (1) Bonds may also be issued under the provisions of this subchapter for the purpose of refunding any outstanding bonds issued pursuant to Arkansas Constitution, Amendment 62, whether or not issued prior to or subsequent to April 7, 1993, to finance capital improvements if the question of the issuance of the refunding bonds is submitted to the electors in the manner provided in § 14-142-208.  (2)  (A) The refunding bonds may be either sold for cash or delivered in exchange for the outstanding obligations.  (B) If sold for cash, the proceeds may either be applied to the payment of the bonds being refunded or deposited in an irrevocable trust for the retirement thereof at maturity or on an authorized redemption date.
AR Code § 14-142-221 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 142 - Local Government Library Bonds|Subchapter 2 - Local Government Library Bond Act|§ 14-142-221. Bonds generally — Tax exemption

 Bonds and notes issued under the provisions of this subchapter and the income thereon shall be exempt from all state, county, and municipal taxes, including, without limitation, all income, property, and inheritance taxes.
AR Code § 14-142-222 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 142 - Local Government Library Bonds|Subchapter 2 - Local Government Library Bond Act|§ 14-142-222. Bonds generally — Mortgage lien

 (a) The ordinance, order, or trust indenture authorized in §§ 14-142-207 and 14-142-209 may, but need not, impose a foreclosable mortgage lien upon the capital improvements financed with the proceeds of bonds issued under this subchapter.  (b) The nature and extent of such mortgage lien may be controlled by the ordinance, order, or trust indenture, including, without limitation, provisions:  (1) Pertaining to the release of all or part of the capital improvements from the mortgage lien;  (2) Pertaining to the priority of the mortgage lien in the event of successive bond issues; and  (3) Authorizing any owner of bonds, or a trustee on behalf of all 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 issuer set forth in this subchapter or in the ordinance, order, or trust indenture authorizing and securing the bonds.    (c) References in this section to “mortgage lien” shall include a security interest in any personal property constituting the capital improvements, or part thereof, financed with the proceeds of bonds issued under this subchapter.
AR Code § 14-144-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 1 - Intent and Definitions|§ 14-144-101. Title

 This chapter may be cited as the “Research Park Authority Act”.
AR Code § 14-144-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 1 - Intent and Definitions|§ 14-144-102. Legislative intent

 (a)  (1) It is the intent of the General Assembly to maximize the benefits to be derived from Arkansas's institutions of higher education. Therefore it is necessary to provide an environment conducive to the creation and retention of businesses that develop through Arkansas's colleges and universities.  (2) In many instances, these businesses are founded by entrepreneurs engaged in research, and it is imperative that research facilities be made available in the State of Arkansas to encourage, house, and support these developing entrepreneurs and businesses.  (3) This chapter is intended to provide a mechanism by which appropriate research facilities may be developed, funded, and operated for the purpose of supporting and retaining Arkansas entrepreneurs and businesses dependent upon research for their further development.    (b) It is further intended that the research parks created under this chapter shall serve as a catalyst for community growth and transformation and as centers for community planning and improvement.
AR Code § 14-144-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 1 - Intent and Definitions|§ 14-144-104. Construction

 (a) This chapter shall be liberally construed to accomplish its intent and purposes and shall be the sole authority required for the accomplishment of its purpose.  (b) To this end:  (1) It shall not be necessary to comply with the general provisions of other laws dealing with public facilities and their acquisition, construction, leasing, encumbering, or disposition, except to the extent provided for in § 14-206-101 et seq., § 14-207-101 et seq., and § 18-15-501 et seq.; and  (2) Section 15-5-303 shall not apply.
AR Code § 14-144-201 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 2 - Powers of Research Park Authority|§ 14-144-201. Research park authority — Creation

 (a)  (1) A research park authority:  (A) Shall have as sponsor at least one (1) accredited institution of higher education; and  (B) May have one (1) or more:  (i) Municipality;  (ii) County;  (iii) State agency; or  (iv) Research institute or center.      (2) One (1) or more sponsors who meet the requirements of subdivision (a)(1) of this section may create a research park authority under this chapter for the purpose of acquiring, constructing, maintaining, and operating a research park.    (b) A county or municipality shall not participate in a research park authority unless the governing body of the county or municipality:  (1) Provides by ordinance to participate in the research park authority; and  (2) Enters into an agreement with at least one (1) accredited institution of higher education to create and maintain the research park authority.    (c) An accredited institution of higher education shall not participate in a research park authority unless the governing body of the accredited institution of higher education adopts a resolution to participate in the research park authority.  (d) A research park shall be located either within:  (1) The geographical boundaries of a county or municipality that is a sponsor of the research park authority; or  (2) The main campus or in the proximity of the main campus of the sponsoring accredited institution of higher education that is a sponsor of the research park authority.    (e)  (1) A sponsor of a research park authority shall enter into an agreement establishing the terms and conditions for the operation of the authority under this chapter and any other laws of the State of Arkansas that may be applicable.  (2) To the extent that it is consistent with this chapter, the agreement shall specify the information provided for in the Interlocal Cooperation Act, § 25-20-101 et seq.  (3) The agreement may also provide for each authority to furnish the participating sponsor or sponsors copies of its annual budget for examination and approval.  (4) The agreement shall be filed with the Secretary of State.    (f) By action of the research park authority board, a research park authority established under this chapter may add one (1) or more sponsors to the creating sponsors under subdivision (a)(1)(B) of this section.
AR Code § 14-144-202 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 2 - Powers of Research Park Authority|§ 14-144-202. Public corporation

 (a) Upon creation of a research park authority:  (1) The authority and its members shall:  (A) Constitute a public corporation; and  (B) Have perpetual succession; and    (2) The authority and its members may:  (A) Contract and be contracted with;  (B) Sue and be sued; and  (C) Have and use a common seal.      (b) The exercise of the powers and performance of the duties under this chapter by each authority are declared to be public and governmental functions that are exercised for a public purpose and for matters of public necessity and that confer upon each authority governmental immunity from suit in tort.
AR Code § 14-144-205 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 2 - Powers of Research Park Authority|§ 14-144-205. Eminent domain

 (a) A research park authority shall have the right to acquire any property necessary to carry out the purposes of this chapter by exercising the power of eminent domain.  (b) The research park authority, its agents, and its employees may seek a court order to enter upon real property and make surveys, examinations, photographs, tests, and samplings or to engage in other activities for the purpose of appraising the property or determining whether the real property is suitable for the authority's purpose.
AR Code § 14-144-206 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 2 - Powers of Research Park Authority|§ 14-144-206. Condemnation petition — Notice

 (a) A research park authority may exercise its power of eminent domain by filing an appropriate petition in condemnation in the circuit court of the county in which the property sought to be taken is situated to have the compensation determined, giving the owner of the property to be taken at least ten (10) days' notice in writing of the time and place where the petition will be heard.  (b)  (1) If the property sought to be condemned is located in more than one (1) county, the petition may be filed in any circuit court having jurisdiction in any county in which any part of the property may be located.  (2) The proceedings had in the circuit court shall apply to all of the property described in the petition.    (c)  (1)  (A) If the owner of the property sought to be taken is a nonresident of the state, notice shall be by registered or certified mail, return receipt requested, addressed to the last known address of the owner, and by publication in any newspaper in the county that is authorized by law to publish legal notices.  (B) This notice shall be published for the same length of time as may be required in other civil causes.    (2) If there is no such newspaper published in the county, then publication shall be made in a newspaper designated by the circuit clerk, and one (1) written or printed notice of the petition shall be posted on the door of the county courthouse.    (d)  (1) The condemnation petition shall describe the lands and property sought.  (2) When the immediate possession of lands and property is sought to be obtained, the research park authority may file a declaration of taking under this chapter at any time before judgment or together with the condemnation petition.
AR Code § 14-144-207 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 2 - Powers of Research Park Authority|§ 14-144-207. Declaration of taking

 (a)  (1) The petitioner may file a declaration of taking at any time before a judgment is signed by the chair of the research park authority board or with the condemnation petition in any proceeding instituted by and in the name of the research park authority that involves the acquisition of real property, an interest in the real property, or the easement.  (2) The declaration shall declare that the authority is taking the real property, an interest in the real property, or the easement for the use of the authority.    (b) The declaration of taking shall contain or have annexed to it the following:  (1) A statement that the authority is taking the real property, an interest in real property, or an easement;  (2) A statement of the purpose for which the authority is taking the real property, an interest in the real property, or the easement;  (3) A description of the real property, an interest in the real property, or the easement that the authority is taking sufficient for the identification of the real property, an interest in the real property, or the easement;  (4) A plat showing the real property, the interest in the real property, or the easement that the authority is taking; and  (5) A statement of the amount of money estimated by the acquiring authority to be just compensation for the taking of the real property, an interest in the real property, or the easement.
AR Code § 14-144-208 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 2 - Powers of Research Park Authority|§ 14-144-208. Condemnation proceedings and judgment

 (a) The circuit court shall impanel a jury of twelve (12) persons, as in other civil cases, to ascertain the amount of compensation that the research park authority shall pay for the real property, an interest in the real property, or an easement that the authority is taking.  (b) The matter shall proceed and be determined as in other civil cases.  (c) In all cases of infants or incompetent persons, when no legal representative or guardian appears in the infant's or incompetent person's behalf at the hearing, the court shall appoint a guardian ad litem who shall represent interests of the infant or incompetent person for all purposes.  (d) Compensation shall be ascertained and awarded in the proceeding and established by judgment in the proceeding.
AR Code § 14-144-209 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 2 - Powers of Research Park Authority|§ 14-144-209. Acquisition of property

 (a) Whenever it is deemed necessary by a research park authority in connection with the exercise of its powers conferred in this chapter to take or acquire any lands, structures, buildings, or other rights, either in fee or as easements, for the purposes set forth in this chapter, the authority may purchase them directly or through its agents from the owners thereof, or failing to agree with the owners, the authority may exercise the power of eminent domain in accordance with the procedures set forth in this chapter, and these purposes are declared to be public uses for which private property may be taken with just compensation.  (b) Should an authority elect to exercise the right of eminent domain, condemnation proceedings shall be maintained by and in the name of the authority, and it may proceed in the manner provided in this chapter and the general laws of the State of Arkansas not in conflict with this chapter that are applicable to the procedure by any county, municipality, accredited institution of higher education, or other authority organized under the laws of the State of Arkansas.
AR Code § 14-144-301 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 3 - Finance|§ 14-144-301. Issuance of revenue bonds — Authorization

 (a) A research park authority may use any available revenues for the accomplishment of the purposes and the implementation of the powers authorized by this chapter, including the proceeds of revenue bonds issued from time to time under this chapter, either alone or together with other available funds and revenues.  (b) The amount of each issue of bonds may be sufficient to pay:  (1) The costs of accomplishing the purposes for which the bonds are being issued;  (2) The cost of issuing the bonds;  (3) The amount necessary for a reserve, if it is determined to be desirable in favorably marketing the bonds;  (4) The amount, if any, necessary to provide for debt service on the bonds until revenues for the payment of the bonds are available; and  (5) Any other costs and expenditures of whatever nature incidental to the accomplishment of the specified purposes.
AR Code § 14-144-302 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 3 - Finance|§ 14-144-302. Issuance of revenue bonds — Resolution of research park authority — Nature of bonds

 (a) The issuance of revenue bonds shall be by resolution of the research park authority.  (b) The bonds of each issue may:  (1) Be coupon bonds payable to bearer or may be registrable as to principal only or as to both principal and interest;  (2) Be in such form and denominations as may be appropriate and necessary;  (3) Be made payable at such places within or without the state as may be appropriate and necessary;  (4) Be issued in one (1) or more series;  (5) Have such date or dates as may be appropriate and necessary;  (6) Mature at such time or times as may be appropriate and necessary, not exceeding forty (40) years from their respective dates;  (7) Bear interest at such rate or rates;  (8) Be payable in such medium of payment as may be appropriate and necessary;  (9) Be subject to such terms of redemption as may be appropriate and necessary; and  (10) Contain such terms, covenants, and conditions as the resolution authorizing their issuance may provide, including without limitation those pertaining to:  (A) The custody and application of the proceeds of the bonds;  (B) The collection and disposition of revenues;  (C) The maintenance and investment of various funds and reserves;  (D) The imposition and maintenance of taxes, fees, rates, and charges for the use of the research park and other facilities of the authority;  (E) The nature and extent of the security;  (F) The rights, duties, and obligations of the authority and the trustee for the holders and registered owners of the bonds; and  (G) The rights of the holders and registered owners of the bonds.      (c)  (1)  (A) There may be successive bond issues for the purpose of financing the same project.  (B) There may also be successive bond issues for financing the cost of reconstructing, replacing, constructing additions to, extending, improving, and equipping projects already in existence, whether or not originally financed by bonds issued under this chapter, with each successive issue to be authorized as provided in this chapter.    (2) The priority between and among issues and successive issues as to security and the pledge of revenues and lien on and security interest in the land, buildings, and facilities involved may be controlled by the resolutions authorizing the issuance of bonds under this chapter.    (d) Subject to this section, the bonds shall have all the qualities of negotiable instruments under the laws of the State of Arkansas.
AR Code § 14-144-303 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 3 - Finance|§ 14-144-303. Issuance of revenue bonds — Indenture

 (a) The resolution authorizing the bonds may provide for the execution by the research park authority of an indenture that defines the rights of the holders and registered owners of the bonds and provides for the appointment of a trustee for the holders and registered owners of the bonds.  (b) The indenture may control the priority between successive issues and may contain any other terms, 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 imposition and maintenance of taxes, fees, rates, and charges for the use of the research park and other facilities of the authority;  (5) The nature and extent of the security;  (6) The rights, duties, and obligations of the authority and the trustee; and  (7) The rights of the holders and registered owners of the bonds.
AR Code § 14-144-304 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 3 - Finance|§ 14-144-304. Issuance of revenue bonds — Price and manner sold

 The bonds may be sold for a price, including sale at a discount, and in a manner the research park authority may determine by resolution.
AR Code § 14-144-305 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 144 - Research Park Authority Act|Subchapter 3 - Finance|§ 14-144-305. Issuance of revenue bonds — Execution

 (a)  (1) The bonds shall be executed by the manual or facsimile signatures of the chair and secretary of the board of the research park authority.  (2) In case any of the officers whose signatures appear on the bonds or coupons cease to be officers before the delivery of the bonds or coupons, their signatures shall nevertheless be valid and sufficient for all purposes.    (b) The coupons attached to the bonds may be executed by the facsimile signature of the chair of the authority.