reglab/housing_qa huggingface dataset:
AR Code § 14-303-201 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 2 - Municipal Tollway Authorities|§ 14-303-201. Creation and members

 (a) Any city of the first class may by ordinance create a municipal tollway authority, herein sometimes referred to as “the authority,” composed of five (5) citizens who are qualified electors of the city involved.  (b) The ordinance creating the authority shall appoint the members of the authority. Of those first appointed, one (1) shall serve for a term of one (1) year, one (1) shall serve for a term of two (2) years, one (1) shall serve for a term of three (3) years, one (1) shall serve for a term of four (4) years, and one (1) shall serve for a term of five (5) years. These terms shall be determined by lot at the first meeting of the authority. Upon the expiration of the respective terms, successor members of the authority shall be appointed by the remaining members, subject to approval of the governing body of the city involved, with each such appointee to serve for a term of five (5) years.  (c) In the event of a vacancy occurring on the authority, the remaining members of the authority, subject to the approval of the governing body of the city involved, shall appoint a member to serve the unexpired term.  (d) All members of the authority shall file the oath required by law in the State of Arkansas for public officials.  (e) Any member of the authority may be removed only for cause by the governing body of the city involved after a hearing of which the member proposed to be removed is given reasonable notice and an opportunity to be heard.  (f) Members of the authority shall receive no pay for their services but shall be entitled to actual expenses incurred in the performance of their duties as members of the authority.
AR Code § 14-303-202 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 2 - Municipal Tollway Authorities|§ 14-303-202. Organization

 (a) The authority shall elect from among its members a chairman and a secretary who shall serve for such terms as the authority shall determine.  (b) The secretary shall be the authority's disbursing agent and executive officer. The secretary shall furnish bond, with a corporate surety, in the penal sum of fifty thousand dollars ($50,000) on the condition that he will faithfully perform his powers, functions, and duties, and properly handle all funds received and disbursed by him and account therefor. The premium on the bond shall be a proper charge against funds of the authority.
AR Code § 14-303-203 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 2 - Municipal Tollway Authorities|§ 14-303-203. Meetings

 (a) Meetings of the authority shall be held on call by the chairman or by any three (3) or more members, upon reasonable advance notice to each member, at such places as may suit the authority's convenience.  (b) A quorum for the transaction of business at any meeting shall consist of not less than three (3) members, and the affirmative vote of three (3) members shall be requisite for the authorizing or approving of any action or the passage or adoption of any motion or resolution.
AR Code § 14-303-204 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 2 - Municipal Tollway Authorities|§ 14-303-204. Powers and duties

 An authority is authorized and empowered to:   (1) Acquire, by purchase or exercise of eminent domain, sites, and rights-of-way for and to construct, reconstruct, extend, maintain, repair, and operate tollway projects as defined in this chapter at such locations within the city involved as it shall determine and, in accordance with such design and construction standards as it shall determine, subject to the approval of the State Highway Commission. In this connection, an authority is authorized to acquire, and the State Highway Commission is authorized to convey to an authority, with this to constitute the sole authority required notwithstanding the provisions of any other laws pertaining to the disposition of state property, for inclusion in a tollway project any portion of a public highway, including necessary lands and interest therein, constructed or under construction, upon such terms and for such consideration as the State Highway Commission and the authority may agree upon. Projects shall be constructed in accordance with applicable laws pertaining to competitive bidding, contracting, performance, and payment bonds, and other matters applicable to street construction, which laws, as they may be amended or changed from time to time are incorporated by reference;  (2) Apply for, receive, accept, and use any moneys and properties from agencies of the United States Government, from any state or other governmental agency, from any public or private corporation, agency, or organization of any nature, and from any individual or group of individuals;  (3) Invest and reinvest any of its moneys;  (4) Establish accounts in one (1) or more banks, and, from time to time, make deposits into, and withdrawals from, such accounts;  (5) Contract and be contracted with;  (6) Obtain the necessary funds for financing the objects specified in this section including, without limitation, the proceeds of the sale of revenue bonds authorized by this chapter;  (7) Purchase, lease, or rent, and receive bequests or donations of, and sell or barter any real, personal or mixed property, or convert into money any property bequeathed or donated to it not needed or which cannot be used in the form received;  (8) Fix and revise from time to time, and charge and collect, tolls for transit over each tollway project constructed by it;  (9) Establish rules for the use of each tollway project;  (10) Employ consulting engineers, attorneys, accountants, construction and financial experts, superintendents, and such other employees and agents as may be necessary in its judgment and fix their compensation;  (11) Take such other action, not inconsistent with law, as may be necessary or desirable to carry out the powers and authority conferred by this chapter and carry out the intent and purposes of this chapter.
AR Code § 14-303-301 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 3 - Construction of Tollway Projects|§ 14-303-301. Prerequisites to undertaking project

 No tollway project shall be undertaken unless and until the tollway project involved shall have been thoroughly studied with respect to traffic, engineering, costs, and financing, and unless the authority involved makes, by resolution entered in the records of that authority, a determination based upon the study that:   (1) Sufficient public funds for construction of the proposed tollway are not available; and  (2) The construction of the proposed tollway can be financed wholly through the investment of private funds in revenue bonds.
AR Code § 14-303-302 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 3 - Construction of Tollway Projects|§ 14-303-302. Surveys, etc., on private lands

 (a) An authority, and its authorized agents and employees, may enter upon any lands, waters, and premises for the purposes of making such surveys, soundings, drillings, and examinations as they may deem necessary or desirable for the purposes of carrying out the authority conferred by this chapter. Such entries shall not be deemed trespasses, nor shall such entries for such purposes be deemed entries under any condemnation proceedings which may then be pending.  (b) An authority shall make reimbursement to the owners for any actual damage resulting to the lands, waters, and premises as a result of such activities, and reimbursements shall be part of the project costs.
AR Code § 14-303-303 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 3 - Construction of Tollway Projects|§ 14-303-303. Eminent domain

 (a) The power of eminent domain is expressly conferred upon authorities, created pursuant to the provisions of this chapter.  (b) In the event that any lands, or interest therein, determined by an authority to be necessary for any tollway project cannot be acquired by negotiation, the authority involved is empowered to institute condemnation proceedings for the acquisition of the lands, or the interest therein, desired by it.  (c) The condemnation proceedings under the power of eminent domain may be exercised in the manner now provided for taking private property for rights-of-way for railroads as provided by §§ 18-15-1202 — 18-15-1207, as amended, or in the manner provided by §§ 18-15-301 — 18-15-307, as amended, or pursuant to any other statutory provisions now in force or hereafter enacted for the exercise of the power of eminent domain by the State of Arkansas, or by any of its officers, agencies, or departments, or by political subdivisions of the State of Arkansas.  (d) Title to, and all interest in, lands acquired by an authority, by purchase or by condemnation, shall be taken in the name of the authority involved.
AR Code § 14-303-304 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 3 - Construction of Tollway Projects|§ 14-303-304. Grade separations — Lines and grades

 In connection with the construction of any tollway project, an authority is authorized to construct grade separations at intersections of any tollway project with public highways and to change and adjust the lines and grades of public highways so as to accommodate the lines and grades to the design of the grade separation. The cost of the grade separations and any damages incurred in connecting and adjusting the lines and grades of public highways shall be ascertained and paid by the authority involved as part of the costs of the tollway project involved.
AR Code § 14-303-305 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 3 - Construction of Tollway Projects|§ 14-303-305. Approval required to change highway location

 An authority shall not change the location of any portion of a public highway which is a part of the state highway system without the prior approval of the State Highway Commission, nor a public highway subject to the exclusive jurisdiction of a county court without the prior approval of the county court involved.
AR Code § 14-303-306 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 3 - Construction of Tollway Projects|§ 14-303-306. Highway vacation or relocation

 Any public highway affected by the construction of a tollway project may be vacated or relocated by an authority in the manner provided by law for the vacation or relocation of public roads. Any damages awarded on account thereof shall be paid by the authority involved as part of the project costs.
AR Code § 14-303-307 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 3 - Construction of Tollway Projects|§ 14-303-307. Relocation or removal of tollway facilities

 Whenever an authority shall determine that it is necessary for transmission facilities, including tracks, pipes, mains, conduits, cables, wires, towers, poles, and other equipment and appliances of whatever nature existing or used in connection with public and private utilities, pipeline companies, or pipeline operators which now are, or hereafter may be, located in, on, along, over, or under any tollway project, to be relocated in the tollway project, or to be removed from the tollway project, the owner or operator of the transmission facilities shall relocate or remove the transmission facilities in accordance with the order of the authority involved. However, the cost and expenses of the relocation or removal, including the cost of installing the facilities in new locations, and the cost of any lands, or any rights or interest in lands and any other rights acquired to accomplish the relocation or removal, shall be ascertained and paid by the authority involved as part of the project costs.
AR Code § 14-303-401 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 4 - Tollway Project Revenues|§ 14-303-401. Powers of authority

 (a) An authority is authorized to fix, revise, charge, and collect tolls for the use of each tollway project and the different parts or sections thereof; to contract with any person, partnership, association, corporation, or organization desiring the use of any part thereof, including the right-of-way adjoining the paved portion, for placing thereon telephone, telegraph, electric light or power lines, and other facilities, or for any other purpose; and to fix the terms, conditions, rents, and rates of charges for such use. However, public utilities, rural cooperatives, political subdivisions, and pipeline companies may construct and maintain crossings of tollway projects with their facilities, without charge, if the facilities are constructed and maintained in compliance with reasonable requirements of public safety, and all costs of restoring the projects to as good a condition as they were before being disturbed, are paid by the owner of the facilities.  (b) The tolls charged by an authority shall not be subject to supervision or regulation by the city involved or by any other commission, board, bureau, agency, or political subdivision of the State of Arkansas.
AR Code § 14-303-402 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 4 - Tollway Project Revenues|§ 14-303-402. Deposit of revenues

 The tolls and all other revenues derived from the tollway project involved, sometimes collectively referred to as “tollway project revenues,” shall be deposited, as and when received, into special accounts of the authority in those depository banks or trust companies as may be designated from time to time by the authority, with the accounts to be appropriately designated to indicate the particular tollway project involved.
AR Code § 14-303-403 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 4 - Tollway Project Revenues|§ 14-303-403. Use of revenues

 (a) The tollway project revenues are to be used solely as authorized in this chapter.  (b) The tollway project revenues shall be used:  (1) To pay the reasonable expenses of maintenance, repair, and operation of the tollway project involved, including, without limitation, reimbursing of any state or United States agency or department for expenses paid or incurred for maintenance, repair, or operation of the tollway project involved;  (2) To pay the principal of, and interest on, all revenue bonds issued for financing the cost of the tollway project involved as the principal and interest become due, including the original issue or issues, bonds issued for reconstruction and extension, and refunding bonds, as in this chapter authorized;  (3) For the creation of such maintenance and debt service reserves as the authority involved may determine and specify in the trust indenture securing the revenue bonds involved; and  (4) For the redemption of bonds prior to maturity, if provision is made for redemption, all as shall be specified in detail in the trust indenture securing the revenue bonds involved.
AR Code § 14-303-404 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 4 - Tollway Project Revenues|§ 14-303-404. Pledge of revenues to pay off bonds

 (a) The pledge of tollway project revenues to the payment of the principal of and interest on the revenue bonds shall be valid and binding from the time the pledge is made.  (b) The tollway project revenues so pledged shall immediately be subject to the lien of the pledge without any physical delivery thereof or further act.  (c) The lien of the pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against an authority, irrespective of whether the parties have notice thereof.  (d) Neither the resolution of an authority, nor any trust indenture by which a pledge is created, need be filed or recorded in any office or other place except in the records of the authority involved, and in the office of the circuit clerk and ex officio recorder of the county in which the city involved is located.
AR Code § 14-303-405 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 4 - Tollway Project Revenues|§ 14-303-405. Turnpike gasoline tax revenues

 (a) Reference is made to Acts 1967, No. 43 [repealed], and particularly to § 12 of Acts 1967, No. 43 [repealed].  (b) It is intended and is provided that any tollway project hereunder shall participate in “turnpike gasoline tax revenues” to the same extent as though the tollway project hereunder were a turnpike project under § 12 of that act.
AR Code § 14-303-501 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 5 - Tollway Revenue Bonds|§ 14-303-501. Issuance generally

 (a) An authority is authorized and empowered to issue from time to time tollway revenue bonds in principal amounts sufficient to pay the costs of a tollway project.  (b) No more than one (1) tollway project may be involved as to any issue of tollway revenue bonds hereunder, but for a tollway project there may be more than one (1) issue of bonds, or there may be one (1) issue sold and delivered in series.  (c) There may also be a subsequent issue or subsequent issues of bonds for all or any of the following purposes:  (1) Completing the construction of a tollway project;  (2) Reconstruction work on a tollway project when the amount involved is such that it cannot be handled as an item of maintenance and repair out of all tollway project revenues; or  (3) The extension of a tollway project, subject in each instance to such conditions as to the available and estimated tollway project revenues and other conditions, to insure the prompt payment of the principal and interest of subsequent bond issues, as the authority involved shall determine and specify in its resolution authorizing, or in the trust indenture securing, the bonds. In all instances, priority between and among issues and successive issues shall be controlled by the resolution of the authority authorizing the issuance of bonds or by the trust indenture securing the bonds. Tollway revenue bonds shall have all the qualities of negotiable instruments under the laws of the State of Arkansas.
AR Code § 14-303-502 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 5 - Tollway Revenue Bonds|§ 14-303-502. Authorizing resolution

 (a) Tollway revenue bonds shall be authorized by resolution of the authority involved.  (b) They may be coupon bonds payable to bearer; may be registrable as to principal only with interest coupons; or may be registrable as to both principal and interest without coupons; and may be made exchangeable for bonds of another denomination, which bonds of another denomination may in turn be either coupon bonds payable to bearer, bonds registrable as to principal only with coupons, or bonds registrable as to both principal and interest without coupons. The bonds may be in such form and denominations; the bonds may have such date or dates; the bonds may mature at such time or times; the bonds may bear interest payable at such times and at such rate or rates, provided that no bonds may bear interest at a rate exceeding seven percent (7%) per annum; the bonds may be payable at such place or places within or without the State of Arkansas; the bonds may be subject to such terms of redemption in advance of maturity at such prices, including such premiums; and the bonds may contain such terms and provisions, all as the authority involved shall determine.  (c) The authorizing resolution may contain any other terms, covenants, and conditions that are deemed desirable by the authority involved including, without limitation, those pertaining to the custody and application of bond proceeds, the maintenance of various funds and reserves, the nature and extent of the security, and the rights, duties, and obligations of the authority involved and of the holders and owners of the bonds.
AR Code § 14-303-503 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 5 - Tollway Revenue Bonds|§ 14-303-503. Trust indenture

 (a) The resolution of an authority authorizing the issuance of bonds may provide for the execution, by the authority involved with a bank or trust company within or without the State of Arkansas, of a trust indenture.  (b) The trust 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 the custody and application of the proceeds of bonds, the collection and disposition of tollway project revenues, the maintenance of various funds and reserves, the nature and extent of the security, the rights, duties, and obligations of the authority involved, and the trustee for the holders and owners of the bonds, and the rights of the holders and owners of the bonds.
AR Code § 14-303-504 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 303 - Municipal Tollway Authority Act|Subchapter 5 - Tollway Revenue Bonds|§ 14-303-504. Sale — Limitations

 (a) Bonds issued under the authority of this chapter shall be sold at public sale or at private sale, upon the written approval of the State Securities Commissioner based on his finding that a private sale will be in the best interest of the authority involved.  (b) Any sale of the bonds will be for a price including, without limitation, sale at a discount, and in a manner the authority involved may determine, but in no event shall the authority involved pay more than seven percent (7%) interest on the amount received, computed with relation to the absolute maturity of the bonds in accordance with the Standard Tables of Bond Values.  (c) Supplemental and dual coupons shall not be permitted, and the bonds shall not be subject to conversion.