reglab/housing_qa huggingface dataset:
AR Code § 14-72-503 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 5 - Refunding Municipal Bonds Issued Under Arkansas Constitution, Amendment 13|§ 14-72-503. Methods of issuance

 (a)  (1) No refunding bonds shall be issued until the debt refunded is cancelled simultaneously with the delivery of the refunding bonds:  (A) By the surrender and cancellation of the bonds to be refunded;  (B) If the outstanding bonds are redeemable before maturity and have been duly called for payment, by the deposit of the money for their payment upon presentation according to the terms of the call in trust with an escrow agent duly designated by the city council, which escrow agent shall be a bank or trust company whose trust funds are secured in the manner provided by the national or state banking laws, rules, and regulations thereunder; or  (C) By a combination of methods (A) and (B).    (2) The refunding bonds shall not be in a greater principal amount than the principal amount of the bonds to be refunded and shall not bear a greater rate of interest than that borne by the bonds to be refunded, except that the owners of the outstanding bonds taking refunding bonds in exchange or the purchasers, as the case may be, may have the privilege of conversion to bonds bearing a lower rate of interest, provided that by the conversion the city will receive no less and pay no more in principal and interest combined substantially than it would receive and pay if the bonds were not converted.    (b)  (1) The refunding bonds may be exchanged for outstanding bonds or they may be sold for cash and the proceeds used to pay the outstanding bonds, or part may be exchanged and part may be sold.  (2) No refunding bonds shall be sold except at public sale after twenty (20) days' advertisement in some newspaper of bona fide circulation in the city issuing them.  (3) The refunding bonds that are sold shall be duly executed and deposited with the designated escrow agent which shall have authority to deliver them to the purchaser upon payment to it of the purchase price on or before the redemption date of the bonds that have been called, provided that the city has deposited with the escrow agent a sum sufficient to pay the interest on the bonds called to the redemption date.  (4) The proceeds of the sale of the refunding bonds and the interest to be paid by the city shall be held by the escrow agent and applied solely to the payment of the principal of the bonds refunded at their call date and the accrued interest thereon to that date when they are presented for payment.    (c) When any refunding bonds are to be exchanged for outstanding bonds, they may be executed and delivered to the escrow agent which shall have authority, from time to time, as outstanding bonds are presented to it for exchange, to deliver refunding bonds in principal amount of the same proportion of the total principal amount of the refunding bonds that the principal amount of the outstanding bonds to be exchanged bears to the total principal amount of the outstanding bonds to be refunded.
AR Code § 14-72-504 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 5 - Refunding Municipal Bonds Issued Under Arkansas Constitution, Amendment 13|§ 14-72-504. Form of bonds

 (a) All such refunding bonds shall be negotiable instruments and may have coupons evidencing interest, payable annually or semi-annually, and shall have all the rights of security and remedies for collection that are provided for the bonds that are refunded.  (b) They shall bear the original signature of the mayor of the city and be sealed with the seal of the city. The interest coupons may be signed with the facsimile signature of the mayor.  (c) In case the mayor whose signature appears on the bonds or interest coupons shall cease to be the mayor before delivery of the refunding bonds, the signature shall nevertheless be valid and sufficient for all purposes, the same as if he had remained in office until delivery.
AR Code § 14-72-601 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-601. Title

 This subchapter shall be referred to and may be cited as the “Local Government Revenue Bond Election Act of 1986.”
AR Code § 14-72-602 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-602. Legislative intent

 The Arkansas Supreme Court has determined in the case of City of Hot Springs v. Creviston, that the Constitution of the State of Arkansas requires that the issuance of revenue bonds by counties and municipalities, including their boards and agencies, must be approved by the electors of the county or municipality at an election called for that purpose. In its decision, the Arkansas Supreme Court stated that these elections might be conducted under the general election laws of the state until the General Assembly provided otherwise. This subchapter is adopted in order that the procedures for these elections be more clearly established. This subchapter is not intended otherwise to limit in any manner the exercise of the powers of counties or municipalities with respect to elections under Arkansas Constitution, Amendment 62, for bonds to be paid from taxes or other permitted sources and is not intended to alter or amend the procedures established by § 14-164-301 et seq.    (b)  It is the specific intent of this subchapter that the provisions of this subchapter are in implementation of or supplemental to other constitutional or statutory provisions now existing or hereafter adopted which may provide for the issuance of revenue bonds. Nothing contained in this subchapter shall be deemed to be a restriction or a limitation upon the issuance of revenue bonds, except as specifically provided in this subchapter with respect to the necessity of approval at an election.
AR Code § 14-72-603 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-603. Definitions

 As used in this subchapter, unless the context otherwise requires:   (1) “Bonds” means any evidence of indebtedness of a county or municipality issued pursuant to laws in effect authorizing the issuance of bonds, notes, certificates, or other instruments or evidences of indebtedness;  (2) “Clerk” means the clerk or recorder of a municipality or county clerk of a county;  (3) “County” or “municipality” also mean any agency, board, commission, or instrumentality of a county or municipality;  (4) “Legislative body” means the quorum court of a county or the council, board of directors, or other elected governing body of a municipality;  (5) “Municipality” means any city or incorporated town;  (6) “Ordinance” means an ordinance, resolution, or other appropriate legislative enactment of a legislative body;  (7) “Revenue bonds” means all bonds the repayment of which are secured by the pledge of rents, user fees, charges, or other revenues, other than assessments for local improvements and taxes, derived from the project or improvements financed in whole or in part by such revenue bonds, from the operations of any governmental unit, or from any other special fund or source.
AR Code § 14-72-604 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-604. Construction

 This subchapter shall be construed liberally to effectuate the legislative intent and the purposes of this subchapter as complete and independent authority for the performance of each and every action and thing authorized in this subchapter, and all powers granted in this subchapter shall be broadly interpreted to effectuate this intent and these purposes and not as a limitation of powers.
AR Code § 14-72-605 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-605. Certain districts excluded

 The provisions of this subchapter shall not apply to bonds, notes, certificates, or other evidence of indebtedness issued by a regional water distribution district organized under § 14-116-101 et seq., or to any drainage district, levee district, or other improvement or special assessment district organized with the consent of the owners of land affected thereby under the laws of the state heretofore or hereafter adopted, notwithstanding that the district may pledge revenues from its operations or other sources in addition to, or in lieu of, a pledge of assessed benefits or interest thereon to secure payment of the indebtedness.
AR Code § 14-72-606 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-606. Election procedures — Contest

 (a)  (1) Whenever a county or municipality shall determine the need to issue revenue bonds, the issuance of which under the Arkansas Constitution requires approval at an election, the legislative body thereof shall, by ordinance, submit the question of the issuance of the revenue bonds to the qualified electors of the county or municipality.  (2) The question of the issuance of revenue bonds may be submitted at a special election called for that purpose in accordance with § 7-11-201 et seq., as provided in the ordinance, and held in the manner provided in this subchapter.  (3) When revenue bonds are to be issued for more than one (1) purpose, the principal amount of revenue bonds applicable to each purpose shall be stated on the ballot as a separate question, and no revenue bonds shall be issued for such a purpose unless a majority of the electors voting on the question shall have approved the issuance of revenue bonds for that purpose.  (4) Except as otherwise provided in this subchapter, the election shall be held and conducted in the same manner as a special or general election under the election laws of the state.    (b)  (1) The ordinance shall set forth the form of ballot questions, which shall include a statement of the purposes for which the revenue bonds are to be issued and the proposed sources of repayment of the revenue bonds.  (2) Notice of the election shall be given by the clerk of the county or municipality by one (1) publication in a newspaper having general circulation within the county or municipality not less than ten (10) days prior to the election.    (c)  (1) The county judge or mayor of the county or municipality shall proclaim the results of the election by issuing a proclamation and publishing the proclamation one (1) time in a newspaper having general circulation within the county or municipality.  (2)  (A) The results of the election as stated in the proclamation shall be conclusive unless suit is filed in the circuit court in the county in which the municipality is located within thirty (30) days after the date of the publication.  (B) No other action shall be maintained to challenge the validity of the revenue bonds and of the proceedings authorizing the issuance of the bonds unless suit is filed in the circuit court within thirty (30) days after the date of the adoption of an ordinance authorizing the sale of the revenue bonds.
AR Code § 14-72-607 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-607. Venue

 For the purposes of this subchapter, when it is necessary to determine whether publication or other activity has taken place within a municipality lying in more than one (1) county, or where suit shall be filed contesting an election in the municipality, then the publication, activity, or suit shall take place in the county in which a majority of the persons living in the municipality reside.
AR Code § 14-72-608 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-608. Elections held prior to effective date

 Any election called for the purpose of authorizing revenue bonds and any ordinances or resolutions of a legislative body, or orders of a county court adopted in connection therewith prior to May 8, 1986, shall be deemed ratified and in full compliance with this subchapter if the ordinance, order, or resolution calling the election or notice of election was published at least one (1) time in a newspaper of general circulation in the municipality or county and all other procedures followed complied substantially with the provisions of this subchapter.
AR Code § 14-72-609 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 6 - Local Government Revenue Bond Elections|§ 14-72-609. Refunding bonds

 (a) Revenue bonds issued for the purpose of refunding revenue bonds issued prior to March 3, 1986, may be issued without the necessity of an election under this subchapter if the source of repayment is substantially the same as that provided at the original issuance of the revenue bonds to be refunded.  (b) Revenue bonds to refund revenue bonds authorized at an election pursuant to this subchapter may be refunded without the necessity of an election. However, if the refunding revenue bonds shall be in a greater principal amount than the revenue bonds being refunded or shall be payable from a different source of revenues, the question of issuing the refunding revenue bonds shall be submitted at an election called in the manner provided in this subchapter.  (c) These refunding revenue bonds may be either sold for cash or delivered in exchange for the outstanding obligations. If sold for cash, the proceeds may either be applied to the payment of the revenue bonds being refunded or deposited in an irrevocable trust for the retirement of the revenue bonds at maturity or on an authorized redemption date.
AR Code § 14-72-701 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 7 - Refund of Amendment 13 Municipal Bond Proceeds|§ 14-72-701. Disposition of principal and interest

 In instances where bonds were issued by a municipality under Arkansas Constitution, Amendment 13 [repealed], and the project for which the bonds were issued has not been commenced within ten (10) years after the bonds were issued, all interest accrued and accruing on the bond principal may be transferred into the general fund of the city upon a two-thirds (2/3) vote of its governing body. The principal balance shall be refundable to the taxpayers under the procedure prescribed by this subchapter.
AR Code § 14-72-702 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 7 - Refund of Amendment 13 Municipal Bond Proceeds|§ 14-72-702. Filing of claims

 (a) The taxpayer must file a claim with the city clerk stating:  (1) The name and mailing address of the taxpayer;  (2) The time when and the period for which the tax was paid;  (3) The amount of the tax which the taxpayer claims was levied for retirement of the bond issue;  (4) Any other necessary information required by the city clerk.    (b) The city clerk shall be available for assistance in providing the above necessary information.
AR Code § 14-72-703 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 4 - Public Finance Generally|Chapter 72 - Bonds of Counties, Cities, and Towns|Subchapter 7 - Refund of Amendment 13 Municipal Bond Proceeds|§ 14-72-703. Publication of notice

 (a) Before any money is transferred into the city general fund under this subchapter, the city shall publish a notice of the refund procedure at least once per week for at least four (4) consecutive weeks in a newspaper having general circulation within the city.  (b) All principal not claimed within six (6) months after the fourth publication of the notice shall be transferred into the general fund of the city.
AR Code § 14-86-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 5 - Improvement Districts Generally|Chapter 86 - General Provisions|Subchapter 1 - General Provisions|§ 14-86-101. Ratification of certain actions

 (a) All improvements which may have been made by any public improvement district in this state, whether made according to plans and specifications previously adopted or not, or whether made under incomplete plans or specifications, by any board of improvement of any highway improvement district created under the laws of the State of Arkansas, and all actions of boards of these districts in expending money in the construction of improvements and procuring federal aid for use in the construction thereof, or paying the costs incident to construction, are ratified, approved, and confirmed, and declared to be beneficial to the taxpayers in any such district.  (b) This section shall not apply to districts whose boards have been guilty of fraud in appropriating the funds of the districts to their own uses.
AR Code § 14-86-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 5 - Improvement Districts Generally|Chapter 86 - General Provisions|Subchapter 1 - General Provisions|§ 14-86-102. Mobile homes

 (a)  (1) A mobile home or manufactured home of any width or description permanently affixed to a foundation on property which is owned by the owner of the mobile home or manufactured home shall be deemed real property for the purposes of the creation of special improvement districts and collection of assessments relative thereto.  (2) Mobile homes and manufactured homes located on leased property where the mobile home or manufactured home owner does not own any direct or indirect interest in the leased property shall be deemed personal property and shall not be considered real property for the purposes of the creation of special improvement districts and collection of assessments relative thereto.    (b)  (1) Mobile homes and manufactured homes which are deemed personal property may not be assessed by special improvement districts, and the location of such mobile homes or manufactured homes shall not be cause for increasing the assessment on underlying property.  (2) No lien may be affixed to the mobile home or manufactured home to secure collection of any assessment.    (c) As used in this section, the term “permanently affixed to a foundation” shall mean permanently attached or affixed by bolting, welding, or mortaring to a structural foundation placed on or in the ground by means other than:  (1) Resting on concrete blocks or other devices used merely for leveling the floors of such structures; or  (2) Attachment of underpinnings, underskirts, or other tie-downs customarily employed primarily for cosmetic or weather resistance purposes; or  (3) A combination of methods described in subdivisions (1) and (2) of this subsection.    (d) This section shall apply to:  (1) All property located or to be located within improvement districts formed or with respect to which the initial assessment of benefits is made after April 7, 1993;  (2) All property annexed after April 7, 1993, to improvement districts which have been formed prior to April 7, 1993; and  (3) Any property presently located within any improvement district which has been formed and in which the initial assessment of benefits has been made prior to April 7, 1993.    (e) This section shall not apply to fire protection districts created pursuant to 14-284-201 et seq.
AR Code § 14-86-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 5 - Improvement Districts Generally|Chapter 86 - General Provisions|Subchapter 1 - General Provisions|§ 14-86-104. Improvement district — Audit — Vacancy — Meetings

 (a)  (1)  (A) Ten percent (10%) or more of the property owners in an improvement district may present to the county judge of the county or to the mayor of the municipality in which the improvement district lies a petition and an affidavit:  (i) Concerning the financial affairs of the improvement district; and  (ii) Showing substantially insufficient financial information of an improvement district provided by the improvement district as a result of a valid request under the Freedom of Information Act of 1967, § 25-19-101 et seq.    (B) Upon the presentation of a petition and affidavit under subdivision (a)(1)(A) of this section, the county judge or mayor shall request the financial information of the improvement district.    (2)  (A) The improvement district shall provide the financial information requested under subdivision (a)(1) of this section if the financial information exists.  (B) If within thirty (30) days of the request under subdivision (a)(1) of this section the improvement district does not provide to the county judge or to the mayor the financial information or state that the financial information does not exist, the county judge or the mayor with the city council's approval may order an independent audit to be conducted of the improvement district at the improvement district's expense.      (b) If a vacancy exists on a board of commissioners of an improvement district and the procedure for filling the vacancy is for the remaining commissioners to appoint a replacement commissioner, the county judge of the county or the mayor of the municipality in which the improvement district lies may appoint a replacement commissioner on his or her own accord or by petition of ten percent (10%) or more of the property owners in the improvement district.  (c)  (1) All meetings of the board of commissioners of an improvement district shall be held in a central and convenient location in the county or the municipality in which the improvement district lies.  (2) Upon petition of ten percent (10%) or more of the property owners in the improvement district, the meeting location shall be determined by the county judge or the mayor.    (d) This section does not apply to a general consolidated public utility system improvement district established under the General Consolidated Public Utility System Improvement District Law, § 14-217-101 et seq.