reglab/housing_qa huggingface dataset:
AR Code § 27-64-506 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-506. Procedure for issuing State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds

 (a) Prior to the issuance of any series of State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds, the State Highway Commission shall adopt a resolution authorizing the issuance of the series of bonds.  (b) Each resolution shall contain those terms, covenants, and conditions as are desirable and consistent with this subchapter, including without limitation those pertaining to the establishment and maintenance of funds and accounts, the deposit and investment of the federal highway assistance payments and bond proceeds, and the rights and obligations of the state, its officers and officials, the commission, and the registered owners of the bonds.  (c)  (1) The resolutions of the commission may provide for the execution and delivery by the commission of a trust indenture or trust indentures with one (1) or more banks or trust companies located within or without the state, containing any of the terms, covenants, and conditions required under subsection (b) of this section and any other terms and conditions deemed necessary by the commission.  (2) The trust indenture or trust indentures are binding upon the commission and the state and their respective officers and officials.
AR Code § 27-64-507 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-507. Terms of bonds

 The State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds shall be subject to the following terms and conditions:   (1)  (A) The bonds shall be issued in series in amounts sufficient to finance all or part of the costs of construction and maintenance of highway improvements.  (B) The respective series of bonds shall be designated by the year in which the bonds are issued.  (C) If more than one (1) series of bonds is to be issued in a particular year, the series shall be designated alphabetically;    (2)  (A) The bonds of each series shall have the date or dates as the State Highway Commission shall determine.  (B) The bonds shall mature or be subject to mandatory sinking fund redemption over a period ending not later than twelve (12) years after the date of issue of each series.  (C) Refunding bonds issued under § 27-64-512 shall mature or be subject to mandatory sinking fund redemption over a period ending not later than twelve (12) years after the date of issue of the original bonds of each series;    (3)  (A) The bonds of each series shall bear interest at the rate or rates determined by the commission at the sale of the bonds.  (B) The bonds may bear interest at either a fixed or a variable rate or may be convertible from one (1) interest rate mode to another.  (C) The interest shall be payable at the times as the commission shall determine;    (4) The bonds shall be issued in the form of bonds registered as to both principal and interest without coupons;  (5) The commission shall determine:  (A) The denominations of the bonds;  (B) Whether the bonds may be made exchangeable for bonds of another form or denomination bearing the same rate of interest;  (C) When the bonds may be made payable and the places within or without the state where the bonds may be payable;  (D) Whether the bonds may be made subject to redemption prior to maturity and the manner of and prices for redemption; and  (E) Any other terms and conditions; and    (6)  (A) Each bond shall be executed with the facsimile signatures of the Chair of the State Highway Commission and the secretary of the commission, and the seal of the commission shall be affixed or imprinted on the bond.  (B) Delivery of executed bonds shall be valid, notwithstanding any change in the persons holding the offices that occurs after the bonds have been executed.
AR Code § 27-64-508 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-508. Sale of bonds

 (a)  (1) The State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds may be sold in any manner, either at private or public sale, and upon terms as the State Highway Commission shall determine to be reasonable and expedient for effecting the purposes of this subchapter.  (2)  (A) The bonds may be sold at a price acceptable to the commission.  (B) The price may include a discount or premium.      (b)  (1) If the bonds are to be sold at public sale, the commission shall give notice of the offering of the bonds in a manner reasonably designed to notify participants in the public finance industry that the offering is being made.  (2) The commission shall set the terms and conditions of bidding, including the basis on which the winning bid will be selected.    (c) The commission may structure the sale of bonds utilizing financing techniques that are recommended by the commission's professional advisors in order to take advantage of market conditions and to obtain the most favorable interest rates consistent with the purposes of this subchapter.  (d) The commission may enter into any ancillary agreements in connection with the sale of the bonds as it deems necessary and advisable, including without limitation bond purchase agreements, remarketing agreements, and letter of credit reimbursement agreements.
AR Code § 27-64-509 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-509. Employment of professionals

 The State Highway Commission may retain any professionals necessary to accomplish the issuance and sale of the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds, including without limitation legal counsel, financial advisors, underwriters, trustees, paying agents, and remarketing agents.
AR Code § 27-64-510 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-510. Sources of repayment

 (a) The State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds shall be general obligations of the State of Arkansas secured and payable from the designated revenues and the general revenues of the state.  (b) The bonds shall be payable first from the following designated revenues:  (1) The portion designated by the State Highway Commission of funds received or to be received from the federal government as federal highway assistance funding allocated to the state; and  (2) Revenues derived from the distillate special fuel tax levied under:  (A) Section 26-56-201(e) that are available for expenditure after any distributions required by the Arkansas Highway Financing Act of 1999, § 27-64-201 et seq., the Arkansas Interstate Highway Financing Act of 2005, § 27-64-301 et seq., and the Arkansas Interstate Highway Financing Act of 2007, § 27-64-401 et seq.; and  (B) Section 26-56-802.      (c) If the amount of designated revenues is insufficient to make timely payment of debt service on the bonds, the payment shall be made from the general revenues of the State of Arkansas.  (d)  (1) In order to secure the payment of debt service, any trust instrument, resolution, or other document setting forth the security for the bondholders may provide for the direct payment of the federal highway assistance funds that are designated revenues directly into a trust fund or to a paying agent for the payment of debt service on the bonds.  (2) It is not necessary for the funds to be deposited into the State Treasury.    (e) The additional distillate special fuel tax levied under § 26-56-802 shall terminate as provided under § 26-56-802(c)(3).
AR Code § 27-64-511 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-511. Investment of proceeds

 (a) Designated revenues and proceeds of the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds held pending disbursement on highway improvements shall be invested by the State Highway Commission to the full extent practicable pending disbursement for the purposes intended.  (b) Notwithstanding any other provision of law, the investments shall be in accordance with the terms of the resolution or trust indenture authorizing or securing the series of bonds to which the designated revenues or bond proceeds appertain to the extent that the terms of the resolution or trust indenture are applicable.
AR Code § 27-64-512 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-512. Refunding bonds

 (a) The State Highway Commission may issue bonds for the purpose of refunding the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds previously issued pursuant to this subchapter if the total amount of bonds outstanding after the refunding is completed does not exceed the total amount authorized by this subchapter.  (b) The refunding bonds shall be general obligations of the State of Arkansas and shall be secured and sold in accordance with the provisions of this subchapter.
AR Code § 27-64-513 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-513. Tax exemption

 (a) All State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds issued under this subchapter and interest on the bonds shall be exempt from all taxes of the State of Arkansas, including income, inheritance, and property taxes.  (b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.
AR Code § 27-64-514 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 64 - General Provisions|Subchapter 5 - Arkansas Highway Financing Act of 2011|§ 27-64-514. Powers of the State Highway Commission

 (a) All powers granted to the State Highway Commission under this subchapter are in addition to the powers of the commission under Arkansas Constitution, Amendment 42, and the laws of the State of Arkansas.  (b) No member of the commission shall be liable personally for any reason arising from the issuance of the State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds pursuant to this subchapter unless the member acts with corrupt intent.
AR Code § 27-66-101 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 1 - General Provisions|§ 27-66-101. Construction and maintenance contracts between state and county

 (a)  (1) The State Highway Commission is authorized and empowered to enter into contracts with as many as two (2) counties of this state under the terms of which, in consideration of the sum agreed to be paid by the particular county, the commission will be authorized, permitted, and required to assume the work of construction, repair, and maintenance of all the county roads in the particular county or, part thereof that may be agreed upon in the contract.  (2) The counties are authorized and empowered to enter into contracts with the commission.    (b) The contracts authorized by this section may provide for the use of the machinery and equipment belonging to the county, or of the machinery and the equipment belonging to the commission, or the machinery and equipment of both, in the construction, repair, and maintenance of county roads.  (c) No contract herein authorized shall be for a period extending beyond the end of the term for which the county judge of the contracting county was elected.  (d) Nothing contained in this section shall have the effect of adding any county roads to the state highway system, nor shall any contracts remove from the county court of the contracting county exclusive jurisdiction over the roads within that county.  (e) Nothing in this section shall reduce or diminish, or have any effect upon, the amount of money now paid by the state to the various counties for road purposes.
AR Code § 27-66-102 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 1 - General Provisions|§ 27-66-102. Maintenance of roads under supervision of federal agency

 If and when it becomes necessary, the Arkansas Department of Transportation will be permitted to expend highway maintenance funds for the maintenance and repair of highways not in the state highway system and that are constructed with public funds expended under the supervision of the Federal Highway Administration.
AR Code § 27-66-201 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 2 - Road Designation Generally|§ 27-66-201. Worked roads

 All public roads in the several counties in this state on which the several county courts have, from time to time, appointed overseers to work, and directed that hands should be apportioned therefor, shall be declared and deemed to be public roads, without regard to any informality of the several county courts, or either of them, by which they were ordered to be declared public roads in their several counties.
AR Code § 27-66-202 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 2 - Road Designation Generally|§ 27-66-202. Established roads

 All roads and highways established by any of the county courts of this state since November 1, 1865, as public roads and all public roads of this state upon which overseers have been appointed by any of the county courts of this state since November 1, 1865, are declared public roads and highways.
AR Code § 27-66-203 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 2 - Road Designation Generally|§ 27-66-203. Existing roads and military roads

 All roads in this state heretofore laid in pursuance of law, all roads heretofore laid out by the United States in this state and all public roads known as military roads, which have not been vacated according to law are declared public highways.
AR Code § 27-66-204 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 2 - Road Designation Generally|§ 27-66-204. Certain direct routes to county courthouse

 The county judge in his or her discretion may designate as a county road any road that is the most direct route to the county courthouse for ten (10) or more families if that road is graded and has been used by the general public as a road for at least two (2) years.
AR Code § 27-66-205 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 2 - Road Designation Generally|§ 27-66-205. Mail routes

 The county judge in his or her discretion may designate as a county road any road that is used as a mail route or a free rural mail delivery route if the road is designated as a mail route by the proper postal authorities of the United States Government.
AR Code § 27-66-206 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 2 - Road Designation Generally|§ 27-66-206. School bus routes

 (a) The county judge in his or her discretion may designate as county roads those roads used as school bus routes.  (b) Upon declaring a road a county road pursuant to this section, the county judge shall take charge of the road and cause the road to be maintained and repaired the same as other county roads.
AR Code § 27-66-207 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 2 - Road Designation Generally|§ 27-66-207. Streets or roads dedicated to the public

 (a) The county judge in his or her discretion may designate as a county road any street or road dedicated to the public as a public thoroughfare, provided that a bill of assurance making the dedication is properly recorded.  (b) Unless a plat clearly reflects roads that are private, the county recorder shall not accept any plats in the unincorporated area of the county without the county court's acceptance of:  (1) Roads for perpetual maintenance; and  (2) Dedication of land for public purposes.
AR Code § 27-66-208 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 2 - Road Designation Generally|§ 27-66-208. Land deeded to county

 The county judge in his or her discretion may designate as a county road any strip of ground deeded by the owners to the county for a public thoroughfare.
AR Code § 27-66-301 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 3 - Highway, Road, and Street Systems Classification Law|§ 27-66-301. Title

 This subchapter may be known as the “Arkansas Highway, Road, and Street Systems Classification Law”.
AR Code § 27-66-302 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 3 - Highway, Road, and Street Systems Classification Law|§ 27-66-302. Purpose

 It is the purpose of this subchapter to promote the general welfare of the traveling public and the Arkansas economy.
AR Code § 27-66-303 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 3 - Highway, Road, and Street Systems Classification Law|§ 27-66-303. Policy

 (a) It is the policy of the State of Arkansas to adopt sound modern planning methods, procedures, and techniques for the proper administration, management, and improvement of the state highway, county road, and municipal street systems of the state and to assure continuing study and updating of this planning process.  (b) It is the legislative intent of this subchapter to functionally classify all elements of the public highways, roads, and streets in the Arkansas network according to level of service, with uniform improvement standards for each class.
AR Code § 27-66-304 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 3 - Highway, Road, and Street Systems Classification Law|§ 27-66-304. Definitions

 (a) As used in this subchapter, unless the context otherwise requires, “functional classification” means the grouping of public ways by likeness of service or purpose into classes or systems according to the character of service they are intended to provide. The frame of reference is the sense of service offered to and expected by the road user. Neither ownership nor administrative responsibility is relevant in grouping by function.  (b) All definitions of terms adopted for the 1972 National Transportation Needs Study are incorporated by reference in this subchapter. The term “functional classification”, defined herein, is in accordance with the definition contained in the study reports.
AR Code § 27-66-305 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 3 - Highway, Road, and Street Systems Classification Law|§ 27-66-305. Designation, review, and revision

 (a) All public highways, roads, and streets in Arkansas are designated in accordance with the findings of the functional classification study conducted in 1968 and 1970 and identified by maps on file in the office of the State Highway Commission and the offices of the county road and municipal street administrative officials.  (b) Recommended uniform design standards shall be established for the improvement of each functional class.  (c) The functional classification of public highways, roads, and streets shall be examined and reviewed at least every five (5) years by the commission in cooperation with the local governments.  (d) Revisions shall be made as are found in accordance with the criteria governing functional classification.
AR Code § 27-66-306 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 3 - Highway, Road, and Street Systems Classification Law|§ 27-66-306. Functional classes

 The six (6) functional classes by levels of service that are made applicable to the network of public highways, roads, and streets in Arkansas are as follows:   (1) Class I Rural Systems: Interstate freeways. Municipal Systems: Interstate freeways. Level of Service: Provide basic interstate service; link major cities; (2) Class II Rural Systems: Other principal arterial highways. Municipal Systems: Other freeways and expressways. Level of Service: Provide high level of interstate and intrastate service; connect major generators of internal city traffic; (3) Class III Rural System: Minor arterial highways. Municipal Systems: Other principal arterial streets. Level of Service: Serve trans-state travel to and through principal cities; provide a system for the major traffic generators within a city; (4) Class IV Rural Systems: Major collector roads. Municipal Systems: Minor arterial streets. Level of Service: Provide connections to and through the large centers of population within the state; (5) Class V Rural Systems: Minor collector roads. Municipal Systems: Collector streets. Level of Service: Provide intercounty service; serve the economic and state park areas not served by a higher system; collect and distribute traffic to and from major streets; provide intracounty service to and into population centers and other recreational and industrial areas; and (6) Class VI Rural Systems: Local roads. Municipal Systems: Local streets. Level of Service: Service small rural communities; provide access to residential areas, subdivisions, and neighborhoods within cities; provide direct access to adjacent properties in rural areas and within cities.    Click to view form.
AR Code § 27-66-307 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 3 - Highway, Road, and Street Systems Classification Law|§ 27-66-307. Continuing study

 (a) The Arkansas study-classification segment of the 1972 National Transportation Needs Study is established on a continuing basis to conform to the congressional directive of Public Law 89-139.  (b) The State Highway Commission shall continue to keep current this vital information and make it available to cities and counties upon request.
AR Code § 27-66-308 (2020)
2020 Arkansas Code|Title 27 - Transportation|Subtitle 5 - Highways, Roads, And Streets|Chapter 66 - Establishment and Maintenance Generally|Subchapter 3 - Highway, Road, and Street Systems Classification Law|§ 27-66-308. Satisfaction of local planning requirements

 Acceptance of the functional classification plan by the responsible local officials will satisfy the transportation requirements of Acts 1937, No. 246 [repealed] for counties and §§ 14-56-401 — 14-56-425 for cities.