reglab/housing_qa huggingface dataset:
AR Code § 27-76-504 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 5 - Eminent Domain|§ 27-76-504. Declaration of taking

 (a) When the immediate possession of lands and property is sought to be obtained, the regional mobility authority may file a declaration of taking with a court of competent jurisdiction at any time before judgment or together with the petition in condemnation.  (b) The petitioner may file a declaration of taking at any time before a judgment is signed or with the petition in condemnation in any proceeding instituted by and in the name of the regional mobility authority that involves the acquisition of real property, an interest in real property, or an easement.  (c) The declaration of taking shall contain or have annexed to it the following:  (1) A statement that the regional mobility authority is taking the real property, the interest in the real property, or the easement;  (2) A statement of the purpose for which the regional mobility authority is taking the real property, the interest in the real property, or the easement for the use of the regional mobility authority;  (3) A description of the real property, the interest in the real property, or the easement that the regional mobility authority is taking, sufficient for the identification thereof;  (4) A plat showing the real property, the interest in the real property, or the easement that the regional mobility authority is taking; and  (5) A statement of the amount of money estimated by the acquiring regional mobility authority to be just compensation for the taking of the real property, the interest in the real property, or the easement.
AR Code § 27-76-505 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 5 - Eminent Domain|§ 27-76-505. 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 regional mobility authority shall pay for the real property, the interest in the real property, or the easement which the regional mobility 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 their behalf at the hearing, it shall be the duty of the circuit court to appoint a guardian ad litem who shall represent their interest for all purposes.  (d) Compensation shall be ascertained and awarded in the proceeding and established by judgment therein.
AR Code § 27-76-601 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-601. Financing generally

 (a) A regional mobility authority may be financed or supported by receiving the following:  (1) If requested and adopted, revenue from the levy by a member county of a sales tax under § 26-74-201 et seq., § 26-74-301 et seq., and § 26-74-401 et seq. for the benefit of the regional mobility authority;  (2) If requested and adopted, revenue from the levy by a member city of a sales tax under § 26-75-201 et seq. and § 26-75-301 et seq. for the benefit of the regional mobility authority;  (3) Revenue from a motor vehicle tax imposed by a county that is a member of a regional mobility authority under § 26-78-101 et seq.;  (4)  (A) If authorized by law, requested, and adopted, revenue from the levy of an additional sales and use tax for the benefit of a regional mobility authority by a county or city not to exceed one-half of one percent (0.5%).  (B) A sales and use tax levied as described in this subdivision (a)(4) is in addition to any taxes levied under subdivisions (a)(1)-(3) of this section;    (5) Proceeds from tolls from toll facility projects owned by the regional mobility authority;  (6) Proceeds from charges and rates imposed on surface transportation systems owned by the regional mobility authority that are not toll facility projects;  (7) Proceeds from the sale of bonds;  (8) State turnback funds received from counties that are members of the regional mobility authority and cities that are within the boundaries of a regional mobility authority, under §§ 27-70-206 and 27-70-207;  (9) Other state funding that is appropriated; or  (10) Other funds from a state agency.    (b) Taxes and tolls imposed under subdivisions (a)(1)-(5) of this section shall be approved by voters pursuant to all applicable election laws.  (c)  (1) A regional mobility authority shall not use revenue from a transportation project in a manner that is not authorized by this chapter or other law.  (2) Except as provided by this chapter, revenue derived from a transportation project shall not be applied for a purpose or to pay a cost other than a cost or purpose that is reasonably related to or anticipated to be for the benefit of a transportation project.
AR Code § 27-76-602 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-602. Authority to issue bonds

 (a) If a regional mobility authority created under this chapter owns or operates or proposes to own or operate a transportation system and desires to construct improvements, betterments, and extensions thereto, the regional mobility authority may issue revenue bonds pursuant to a bond resolution and under the provisions of this chapter to pay the cost of a transportation project or to pay all or part of the cost of a transportation project that will become part of a transportation system.  (b) If a regional mobility authority pursues the development of a toll facility project, the regional mobility authority may issue revenue bonds pursuant to a bond resolution and under the provisions of this chapter to pay the toll facility project costs with toll facility project revenues.
AR Code § 27-76-603 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-603. Tax exempt status

 Bonds issued under this chapter and income from the bonds, including any profit made on the sale or transfer of the bonds, are exempt from taxation in this state.
AR Code § 27-76-605 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-605. Sale

 (a) The bonds may be sold in the manner, either at public or private sale, and upon the terms that the board of directors of the regional mobility authority determines to be reasonable and expedient for effectuating the purposes of the regional mobility authority.  (b) The bonds may be sold at a price that the board of directors of the regional mobility authority determine to be in the best interest of the regional mobility authority, including sale at discount.  (c)  (1) The bonds shall be executed by manual or facsimile signature of the chair of the regional mobility authority and the manual or facsimile signature of the secretary of the regional mobility authority or any other officer of the regional mobility authority authorized to do so by resolution of the board of directors.  (2) In case any of the officers whose signatures appear on the bonds shall cease to be the officers before delivery of the bonds, their signatures nevertheless shall be valid and sufficient for all purposes.    (d) Each bond shall be impressed or imprinted with the seal of the regional mobility authority.
AR Code § 27-76-606 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-606. Proceeds

 (a) The proceeds of each bond issue shall be disbursed in the manner and under any restrictions as provided in the bond resolution.  (b)  (1) The proceeds derived from the sale of the bonds shall be used solely for the purpose of:  (A) Making betterments, improvements, and extensions to a surface transportation system that is either owned or operated or is proposed to be owned or operated by the regional mobility authority;  (B) Paying interest on the bonds during the period of construction of the betterments, improvements, and extensions;  (C) Establishing any necessary reserves for the bonds;  (D) Paying the costs of issuing the bonds; and  (E) Paying any other costs and expenditures of whatever nature incidental to the accomplishment of the betterments, improvements, and extensions.    (2) The terms “betterments”, “improvements”, and “extensions” include surface transportation systems as well as all other real and personal property, buildings, structures, or other improvements or facilities as may be necessary or advisable for the proper and efficient operation of the regional mobility authority's surface transportation system.    (c) If the proceeds of a bond issue exceed the cost of the transportation project for which the bonds were issued, the surplus shall be segregated from the other money of the regional mobility authority and used only for the purposes specified in the bond resolution.  (d) To the extent permitted under the applicable bond proceedings, revenue from one (1) transportation project or toll facility project of a regional mobility authority may be used to pay the cost of another transportation project or toll facility project of the same regional mobility authority.
AR Code § 27-76-607 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-607. Repayment

 (a) Bonds issued under this chapter shall be payable from revenues derived from the regional mobility authority's transportation system and any other unrestricted funds of the regional mobility authority.  (b) The bonds shall not in any event constitute an indebtedness of nor pledge the faith and credit of the State of Arkansas or the county or counties or municipality or municipalities creating the regional mobility authority within the meaning of any constitutional provisions or limitations.  (c) It shall be plainly stated on the face of each bond that it:  (1) Is issued under the provisions of this chapter;  (2) Does not constitute an indebtedness of the State of Arkansas or the county or counties or the municipality or municipalities creating the regional mobility authority within any constitutional provisions or limitations; and  (3) Is not backed by the full faith and credit of the State of Arkansas or the county or counties or municipality or municipalities creating the regional mobility authority.    (d) The bonds and the interest on the bonds shall be exempt from all state, county, and municipal taxation, including without limitation income taxation and inheritance taxation.
AR Code § 27-76-608 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-608. Lien in favor of bondholders

 (a) The payment of the principal of bonds issued under this chapter and the interest thereon may be secured by a lien on and security interest in the regional mobility authority's surface transportation system or any specified portion of the regional mobility authority's surface transportation system.  (b) It shall not be necessary to the perfection of the lien and pledge for such purposes that the trustee in connection with the bond issue or the holders of the bonds take possession of the collateral security.  (c) Subject to whatever restrictions may be contained in the resolution or indenture governing the bonds, any holder of bonds issued under the provisions of this chapter may enforce either at law or in equity the lien and may compel by proper suit the performance of the duties of the officers of the board of directors of the issuing regional mobility authority set forth in this chapter.  (d)  (1) In the event there is default in the payment of the principal or interest on any of the bonds, a court of competent jurisdiction may appoint a receiver to:  (A) Administer the regional mobility authority's surface transportation system pledged to the payment of the bonds; or  (B) Administer the specified portion of the regional mobility authority's surface transportation system pledged to the payment of the bonds.    (2) The receiver shall perform the duties specified in subdivision (d)(1) of this section on behalf of the public body.  (3) The receiver shall have the power to:  (A) Charge and collect rates sufficient to provide for:  (i) The payment of the bonds;  (ii) The interest on the bonds; and  (iii) The payment of any operating expenses of the surface transportation system pledged to the payment of the bonds or the portion of the surface transportation system pledged to the payment of the bonds; and    (B) Apply the income and revenues of the surface transportation system pledged to the payment of the bonds or the portion of the surface transportation system pledged to the payment of the bonds in conformity with this chapter and the resolution or indenture providing for the issuance of the bonds.
AR Code § 27-76-609 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-609. Refunding bonds

 (a)  (1) Bonds may be issued for the purpose of refunding any obligations issued under this chapter or otherwise.  (2) The refunding bonds may be combined with bonds issued under the provisions of § 27-70-314 [repealed] 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, either at maturity or upon any authorized redemption date, be either:  (A) Applied to the payment of the obligations refunded; or  (B) Deposited in escrow for the retirement thereof.      (c)  (1) Bonds issued under this section shall in all respects be authorized, issued, and secured in the manner provided for other bonds issued under this chapter.  (2) The resolution or indenture under which the 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 thereby.
AR Code § 27-76-610 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-610. Interim bonds

 (a) Before issuing definitive bonds, a regional mobility authority may issue interim bonds with or without coupons exchangeable for definitive bonds.  (b) The interim bonds may be authorized and issued in accordance with this chapter without regard to a requirement, restriction, or procedural provision in any other law.  (c)  (1) A bond resolution authorizing interim bonds may provide that the interim bonds recite that the bonds are issued under this chapter.  (2) The recital is conclusive evidence of the validity and the regularity of the interim bonds' issuance.
AR Code § 27-76-611 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 6 - Financing and Bonds|§ 27-76-611. Revolving fund

 (a) A regional mobility authority may maintain a revolving fund to be held in trust by a banking institution chosen by the regional mobility authority separate from any other funds and administered by the regional mobility authority's board of directors.  (b) A regional mobility authority may transfer into its revolving fund money from any permissible source, including:  (1) Funds from a transportation project if the transfer does not diminish the money available for the project to less than any amount required to be retained by the bond proceedings pertaining to the project;  (2) Funds received by the regional mobility authority from any source and not otherwise committed, including money from the transfer of a transportation project or system as provided under § 27-76-408 or the sale of surplus assets of the regional mobility authority;  (3) Funds received from the Arkansas Department of Transportation and the State Highway Commission; and  (4) Contributions, loans, grants, or assistance from any governmental entity, private entity, or person.    (c) The regional mobility authority may use money in the revolving fund to:  (1) Finance the acquisition, construction, maintenance, or operation of a transportation project of a regional mobility authority including the extension, expansion, or improvement of a transportation project;  (2) Provide matching money required in connection with any federal, state, local, or private aid, grant, or other funding, including aid or funding by or with public-private partnerships;  (3) Provide credit enhancement either directly or indirectly for bonds issued to acquire, construct, extend, expand, or improve a transportation project or a transportation system;  (4) Provide security for or payment of future or existing debt for the design, acquisition, construction, operation, maintenance, extension, expansion, or improvement of a transportation project or a transportation system;  (5) Borrow money and issue promissory notes or other indebtedness payable out of the revolving fund for any purpose authorized by this chapter; and  (6) Provide for any other reasonable purpose that assists in the financing of a regional mobility authority as authorized by this chapter.    (d)  (1) Money spent or advanced from the revolving fund for a transportation project or a transportation system must be reimbursed from the money of that transportation project or transportation system.  (2) At the time that the expenditure or advancement is authorized, a reasonable expectation of repayment must exist.
AR Code § 27-76-701 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 7 - Tolling|§ 27-76-701. Setting tolling fees, fare, and other charges on a toll facility project

 (a) A regional mobility authority shall set tolls, fees, fares, or other charges at rates or amounts so that the aggregate of tolls, fees, fares, or other charges from the transportation project, together with other revenue of the project:  (1) Provides toll facility project revenue sufficient to pay:  (A) The toll facility project costs;  (B) The cost of maintaining, repairing, and operating the transportation project; and  (C) The principal of and interest on any bonds issued for the toll facility project as those bonds become due and payable; and    (2) Creates reserves for one (1) or more of the purposes stated under subdivision (a)(1) of this section.    (b) A toll, fee, fare, or other charge imposed on an owner of a public utility facility shall be imposed in a manner that is competitively neutral and nondiscriminatory among similarly situated users of the toll facility project.  (c) A toll, fee, fare, or other usage charge is not subject to supervision or regulation by any agency of this state or other governmental entity.  (d) Notwithstanding any of the provisions of this subchapter, a regional mobility authority's power to charge tolls for use of a toll facility project shall be subject to approval by the voters within the boundaries of the regional mobility authority as follows:  (1) Voter approval of the initial imposition of the tolls, including the initial toll rate by the regional mobility authority; and  (2) If revenue bonds are to be issued by the regional mobility authority to fund all or a portion of the costs of the toll facility project, voter approval of the development of the toll facility project, including the initial toll rate and the issuance of the maximum principal amount of bonded indebtedness.
AR Code § 27-76-702 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 7 - Tolling|§ 27-76-702. Controlled access to toll facility projects

 (a) A regional mobility authority may adopt a resolution that designates a toll road, a toll facility project, or a portion of a transportation project as a controlled-access toll road.  (b) A regional mobility authority may adopt a resolution to:  (1) Prohibit the use of or access to or from a toll road by a motor vehicle, bicycle, any other classification or type of vehicle, or a pedestrian;  (2) Deny access to or from:  (A) A toll road;  (B) Real property adjacent to a toll road; or  (C) A street, road, alley, highway, or other public or private way intersecting a toll road;    (3) Designate locations on a toll road at which access to or from the toll road is permitted;  (4) Control, restrict, and determine the type and extent of access permitted at a designated location of access to a toll road; or  (5) Erect appropriate protective devices to preserve the utility, integrity, and use of a toll road.    (c) A regional mobility authority may grant access to or from a toll facility.
AR Code § 27-76-703 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 7 - Tolling|§ 27-76-703. Tolling power subject to voter approval

 The approval of the voters within the boundaries of the regional mobility authority is required to authorize the development of a toll facility, the initial toll rate, and the maximum amount of bonded indebtedness pledged thereto subject to the provisions of § 27-76-701(d).
AR Code § 27-76-704 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 76 - Regional Mobility Authority Act|Subchapter 7 - Tolling|§ 27-76-704. Use of revenues — Revenue bonds

 (a)  (1) Except as provided under subdivision (a)(3) of this section, a regional mobility authority that has issued revenue bonds for a toll facility project or a transportation project and that is financed with dedicated revenue derived from tolls, fees, fares, or other funds shall set aside moneys into a sinking fund that is pledged to and charged with the payment of:  (A) Interest on the bonds as it becomes due;  (B) Principal of the bonds as it becomes due;  (C) Necessary charges of paying agents for paying principal and interest;  (D) The redemption price or the purchase price of bonds retired by call or purchase as provided in the bond proceedings; and  (E) Any amounts due under credit agreements.    (2) Moneys shall be set aside into a sinking fund at regular intervals and as provided in the bond resolution or trust agreement.  (3) A regional mobility authority may retain the funds necessary to pay the cost of maintenance, repair, and operation and to provide reserves for those costs as provided in the bond proceedings.    (b) The use and disposition of money deposited to the credit of the sinking fund is subject to the bond proceedings.