reglab/housing_qa huggingface dataset:
AR Code § 14-303-505 (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|§ 14-303-505. Execution

 (a) Bonds shall be executed by the manual or facsimile signature of the chairman and by the manual signature of the secretary of the authority involved.  (b) Coupons attached to the bonds shall be executed by the facsimile signature of the chairman. In case any of the officers whose signatures appear on the bonds or coupons shall cease to be officers before the delivery date of the bonds or coupons, their signatures shall nevertheless be valid and sufficient for all purposes.  (c) Each authority shall adopt and use a seal in the execution and issuance of bonds, and each bond shall be sealed with the seal of the authority involved.
AR Code § 14-303-506 (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|§ 14-303-506. Obligation and liability

 (a) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter, and the bonds issued hereunder shall be obligations only of the authority involved. In no event shall they constitute an indebtedness of the State of Arkansas or of the city involved within the meaning of any constitutional or statutory limitation or for which the faith and credit of the state or the city are pledged.  (b) No member of an authority shall be personally liable on the bonds or for any damages sustained by anyone in connection with any contracts entered into in carrying out the purposes and intent of this chapter unless that member shall have acted with a corrupt intent.
AR Code § 14-303-507 (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|§ 14-303-507. Security and payment of bonds

 (a) The principal of, and interest on, all revenue bonds issued under the authority of this chapter shall be secured solely by a pledge of, and shall be payable solely from, tollway project revenues.  (b) They shall not be secured by a statutory or forecloseable mortgage lien on the tollway project, or any of the facilities, of or in connection with, the tollway project.  (c) Each resolution authorizing the issuance of bonds, each trust indenture executed and delivered to secure the bonds, and this chapter shall constitute a contract by and between the authority involved and the holders and owners of the bonds issued under this chapter. This contract and all covenants, agreements, and obligations therein, including, without limitation, an obligation on the part of the authority involved to always operate the tollway project as a revenue producing undertaking so long as any bonds are outstanding, to properly maintain the tollway project, and to charge and collect tollway project revenues in required amounts, all as specified in detail in the resolution, the trust indenture, and in this chapter shall be promptly performed in strict accordance with the terms and provisions of the contract. The contract, all rights of the trustee and of the holders and owners of the bonds, and the obligations of the authority may be enforced by mandamus or any other appropriate proceeding at law or in equity.
AR Code § 14-303-508 (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|§ 14-303-508. Default — Receiver

 (a) In the event of a default in the payment of the principal of, or interest on, any revenue bonds issued under this chapter, any court having jurisdiction may appoint a receiver to take charge of the tollway project involved.  (b) The receiver shall have the power to:  (1) Operate and maintain the tollway project involved;  (2) Charge and collect tolls sufficient to provide for the costs of the receivership and operating expenses of the tollway project;  (3) Provide for the payment of the principal of and interest on the revenue bonds;  (4) Apply the revenues derived from the tollway project in conformity with this chapter and in conformity to the resolution and indenture authorizing and securing the bonds.    (c) When the default has been cured, the receivership shall cease and the tollway project returned to the authority involved.  (d) The relief afforded by this section shall be construed to be in addition and supplemental to the remedies that may be afforded the trustee for the bondholders and the holders and owners of the bonds in the resolution and indenture authorizing and securing the bonds.
AR Code § 14-303-509 (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|§ 14-303-509. Refunding bonds

 (a) Revenue bonds may be issued for the purpose of refunding any bonds issued under the authority of this chapter.  (b) Such refunding bonds may be combined into a single issue with revenue bonds issued for the purpose of completing, reconstructing, or extending the tollway project.  (c) Refunding bonds may either be sold or delivered in exchange for the bonds being refunded. If sold, the proceeds may be either applied to the payment of the bonds being refunded or deposited in trust and there maintained in cash or investments for the retirement thereof, as shall be specified by the authority in the trust indenture securing the refunding bonds.  (d) The resolution authorizing and the trust indenture securing the refunding bonds may provide that the refunding bonds shall have the same priority of lien on tollway project revenues pledged for their payment as was enjoyed by the bonds refunded thereby.  (e) Refunding bonds shall be sold and secured in accordance with the provisions of this chapter pertaining to the sale and security of revenue bonds.
AR Code § 14-303-510 (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|§ 14-303-510. Revenue bonds made securities

 (a) Revenue bonds issued under the authority of this chapter are made securities in which all insurance companies, trust companies, banks, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them.  (b) The revenue bonds are made securities which may properly and legally be deposited with, and received by, any state or municipal officer or any agency or political subdivision of this state for any purpose for which the deposit of bonds or obligations of this state is now or may hereafter be authorized by law.  (c) Any municipality or county; any board, commission, or other authority established by any such municipality or county, or the boards of trustees, respectively, of any retirement fund or retirement system created by, or pursuant to, authority conferred by the General Assembly may, in its discretion, invest any of its funds not immediately needed for its purposes in bonds issued under the authority of this chapter. Bonds issued under the authority of this chapter shall be eligible to secure the deposit of public funds.
AR Code § 14-303-511 (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|§ 14-303-511. Bonds — Tax exemption

 The principal of, and interest on, bonds issued under the authority of this chapter shall be exempt from all state, county, and municipal taxes. This exemption shall include income, inheritance, and estate taxes.
AR Code § 14-303-512 (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|§ 14-303-512. Authority to operate project after completion of payments

 (a) Except as provided in this section, when the principal of, and interest on, all bonds issued under the authority of this chapter in connection with a particular tollway project shall have been paid, or the required provision made for their payment, and upon resolution of the authority involved filed with the city clerk of the city involved, that tollway project shall be and become part of the city's street system and shall thereafter be operated by the city free of tolls and charges.  (b) At the time of the final payment of principal and interest, or the making of adequate provision therefor, of outstanding revenue bonds with reference to a particular tollway project, the authority involved may determine and declare, by resolution entered in its records, that the tollway project involved is not to become part of the city street system, but is to continue to be operated. The tollway project revenues derived therefrom over and above expenses of maintenance, repair, and operation are to be pledged to and used for the payment of revenue bonds issued for financing the cost of another tollway project. However, no such pledge or use of tollway revenues for the payment of the principal and interest of bonds for any other tollway project shall be undertaken until the principal and interest of all outstanding bonds of the tollway project involved shall have been fully paid, or the required provision made for their payment.
AR Code § 14-303-513 (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|§ 14-303-513. Studies of proposed projects — Expenses

 (a) An authority and the State Highway Commission are authorized to enter into arrangements or to enter into agreements, as may be determined by them to be necessary or desirable for:  (1) The investigation and study of any proposed tollway project;  (2) The use of State Highway Commission engineering and other forces, including consulting engineers and traffic engineers;  (3) The purpose of effecting such study; or  (4) The obtaining and use of outside engineering and traffic and other expert studies; all as may be necessary or desirable in connection with a proposed tollway project, with all expenses in connection therewith, which are paid by the State Highway Commission, to be deemed part of the project costs.    (b) Upon the sale of bonds all such expenses incurred by the State Highway Commission are to be reimbursed to that commission out of the proceeds of the bonds.
AR Code § 14-304-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-101. Declaration of policy

 The General Assembly determines and declares that:   (1) Excessive curb parking of motor vehicles on roads and streets in the cities and towns of the State of Arkansas and the lack of adequate off-street parking facilities create congestion, obstruct the free circulation of traffic, diminish property values, and endanger the health, safety, and general welfare of the public;  (2) The provision of conveniently located off-street parking facilities is therefore necessary to alleviate those conditions; and  (3) The establishment of public off-street automobile parking facilities is deemed to be a proper public or municipal purpose.
AR Code § 14-304-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-102. Definitions

 As used in this chapter, unless the context otherwise requires:   (1) “Automobile” means and includes any vehicle which is self-propelled, including, but not limited to, passenger cars, trucks, vans, and buses; and  (2) “Public off-street automobile parking facilities” means accommodations provided, with or without charge, by public authority for the parking of automobiles off the street or highway and open to public use and may:  (A) Consist of lots, garages, or other structures and accessories; and  (B) Be surface facilities or facilities above or below the ground.
AR Code § 14-304-103 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-103. Creation

 The city council or other governing body of cities and towns is authorized to create a parking authority within its jurisdiction for the purpose of establishing public off-street automobile parking facilities.
AR Code § 14-304-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-104. Members

 (a) The parking authority shall consist of five (5) members.  (b) The members shall be appointed by the mayor and approved by the council or other legislative body of the city creating the authority, and they shall be qualified electors residing in the city or incorporated town. They cannot hold any elective office of the city, county, or state.  (c) The members of the authority shall be appointed for periods of one (1), two (2), three (3), four (4), and five (5) years, respectively, so that the term of one (1) member shall expire each year after the creation of the authority.  (d) Upon the termination of office of each member, his successor shall be appointed for a term of five (5) years and shall serve until his successor shall have been appointed and qualified.  (e) The members of the authority shall receive no compensation for their services.
AR Code § 14-304-105 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-105. Personnel

 (a) The authority shall have authority to employ such persons as it deems necessary in furtherance of its duties hereunder.  (b) The employees authorized by this chapter shall be chosen by the civil service commission of the respective city or town in the manner now required by law.
AR Code § 14-304-106 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-106. Authority to establish and supervise facilities — Prohibitions

 (a) The parking authority of the cities and towns, acting alone or in cooperation with other parking authorities or with any federal or state agency, is authorized to:  (1) Plan, design, locate, finance, acquire, and own property for, and construct, alter, enlarge, use, maintain, operate, and lease off-street automobile parking facilities wherever and to the extent that the facilities are deemed necessary within its respective jurisdiction; and  (2) Supervise and control all other matters pertaining to the parking of vehicles.    (b) However, the sale, storage, or dispensing of any product used in or for the servicing of motor vehicles shall not be permitted on or in connection with parking facilities.
AR Code § 14-304-107 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-107. Authority to contract

 (a) Any municipal parking authority created pursuant to the provisions of this chapter, is authorized to enter into contracts with any other public agency or with any private person or firm for the operation, maintenance, and management of any one (1) or more off-street automobile parking facilities established by the authority.  (b) Any contract shall be for such term, not to exceed twenty (20) years, and may contain such provisions as shall be approved by the parking authority.  (c) The contract shall be an obligation only of the authority, payable solely from revenues derived from parking facilities under the jurisdiction of the authority, and shall not constitute an obligation or indebtedness of the municipality within the meaning of any constitutional or statutory limitations.  (d) All such contracts entered into prior to June 28, 1985, are ratified and confirmed.
AR Code § 14-304-108 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-108. Planning, designing, and locating facilities

 (a) The parking authority, after a thorough investigation of the parking problem within its jurisdiction, shall formulate for public presentation a master plan of automobile parking facilities as a guide for the further provision for parking facilities, properly integrated with present and proposed traffic facilities, subject to alteration as necessary.  (b) A program of construction and method of financing shall likewise be formulated.  (c) The parking authority is authorized to so design and locate any off-street automobile parking facilities as to best serve the public purpose for which such facilities are intended.  (d) Such facilities may consist of:  (1) Lots, improved or unimproved;  (2) Single or multi-level garages; or  (3) Other structures and accessories.
AR Code § 14-304-109 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-109. Acquisition of property and property rights

 For the purpose of this chapter, the parking authority is authorized to acquire private or public, real or personal property and property rights, above, at, or below the surface of the earth necessary for off-street automobile parking facilities by purchase, eminent domain, gift, lease, or otherwise.
AR Code § 14-304-110 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-110. Construction of facilities

 (a) The parking authority is authorized to construct or cause to be constructed public off-street automobile parking facilities above, at, or below the surface of the earth including buildings, structures, equipment, entrances, exits, fencing, and all other accessories necessary or desirable for the safety or convenience of motorists using the facilities.  (b) The contracts for any of the above are to be awarded to the lowest responsible bidder in the same manner as contracts are authorized by law to be awarded in connection with highways or streets within the jurisdiction of the respective parking authority.
AR Code § 14-304-111 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 18 - Roadways, Bridges, And Parking Generally|Chapter 304 - Parking Authorities|Subchapter 1 - General Provisions|§ 14-304-111. Records and reporting

 Every parking authority shall maintain proper accounting and financial records of all transactions and provide and file annual financial statements with the city clerk.
AR Code § 14-316-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 19 - Roadways, Bridges, and Parking Improvement Districts|Chapter 316 - Road Improvement Districts Generally|Subchapter 1 - General Provisions|§ 14-316-101. Road improvement tax generally

 (a) All taxes levied by road improvement districts in this state, whether organized under general or special laws, shall be payable between the first Monday in January and April 10 of each year.  (b) This section shall not apply to Greene County.
AR Code § 14-316-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 19 - Roadways, Bridges, and Parking Improvement Districts|Chapter 316 - Road Improvement Districts Generally|Subchapter 1 - General Provisions|§ 14-316-102. Bonds of road improvement districts validated

 (a) All acts and proceedings of commissioners of road improvement districts heretofore organized in the State of Arkansas under the general road law, commonly known as the Alexander Road Law, or under special acts, where bonds have been issued for the purpose of paying valid indebtedness of the districts and where the bonds have been delivered prior to January 1, 1927, are declared to be valid acts and proceedings as if all proceedings and formalities required by law had been fully complied with.  (b) All bonds so issued by the districts in payment of valid indebtedness thereof are valid and binding obligations upon the districts under all laws of this state as if all proceedings and formalities pertaining to the issuance of the bonds as required by law had been fully complied with.  (c) However, this section shall not affect or make valid any fraudulent acts on the part of commissioners of those districts and shall not validate any fraudulent issuance of bonds by the districts.
AR Code § 14-316-103 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 19 - Roadways, Bridges, and Parking Improvement Districts|Chapter 316 - Road Improvement Districts Generally|Subchapter 1 - General Provisions|§ 14-316-103. Funding and refunding outstanding bonded indebtedness

 (a) Any road improvement districts of this state, whether organized and created under general law or by special act of the General Assembly, shall have power to fund and refund its outstanding valid bonded indebtedness or judgments on its bonded indebtedness and accrued matured interest thereon on such terms as the commissioners or directors of the districts shall deem for the best interest of the districts and, to that end, may issue the negotiable bonds of the districts, with interest coupons attached.  (b)  (1) The commissioners or directors of the districts may exchange new bonds for the outstanding bonds, including accrued matured interest coupons, or may issue and sell the new bonds and use the proceeds thereof to pay the outstanding bonds or judgments and accrued interest thereon.  (2) The refunding bonds shall not be issued in a greater amount than is necessary to pay the outstanding bonds or judgments and accrued interest thereon to the date of the refunding bonds, plus printing, trustee, legal, and other necessary expenses incurred in connection with the issuance of the refunding bonds.  (3) No refunding bonds shall bear a greater rate of interest than three percent (3%) per annum, nor shall they be disposed of at less than par. However, bonds bearing a lower rate of interest than three percent (3%) per annum may be sold at a discount on a basis whereby the district shall not be required to pay approximately more than if the bonds had been sold at par bearing three percent (3%) interest.  (4) All such refunding bonds:  (A) Shall be negotiable instruments and may have coupons evidencing interest, payable at annual or semiannual periods;  (B) Shall have all the rights of security, including liens on assessment of benefits and levy of taxes on the lands, together with all remedies for their collection that are provided for the bonds to be refunded or the bonds on which the judgments to be refunded are based; and  (C) May be further secured by a pledge and mortgage of the assessment benefits and taxes in the district, to be executed by the directors or commissioners.