reglab/housing_qa huggingface dataset:
AR Code § 14-143-111 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-111. Issuance of revenue bonds — Resolution of authority — Nature of bonds

 (a) The issuance of revenue bonds shall be by resolution of the authority.  (b) The bonds of each issue may:  (1) Be coupon bonds payable to bearer or may be registrable as to principal only or as to both principal and interest;  (2) Be in such form and denominations;  (3) Be made payable at such places within or without the state;  (4) Be issued in one (1) or more series;  (5) Bear such date or dates;  (6) Mature at such time or times, not exceeding forty (40) years from their respective dates;  (7) Bear interest at such rate or rates;  (8) Be payable in such medium of payment;  (9) Be subject to such terms of redemption; and  (10) Contain such terms, covenants, and conditions as the resolution authorizing their issuance may provide including, without limitation, those pertaining to:  (A) The custody and application of the proceeds of the bonds;  (B) The collection and disposition of revenues;  (C) The maintenance and investment of various funds and reserves;  (D) The imposition and maintenance of taxes, fees, rates and charges for the use of the terminal and other facilities;  (E) The nature and extent of the security;  (F) The rights, duties, and obligations of the authority and the trustee for the holders and registered owners of the bonds; and  (G) The rights of the holders and registered owners of the bonds.      (c)  (1) There may be successive bond issues for the purpose of financing the same project. There may also be successive bond issues for financing the cost of reconstructing, replacing, constructing additions to, extending, improving, and equipping projects already in existence, whether or not originally financed by bonds issued under this chapter, with each successive issue to be authorized as provided by this chapter.  (2) Priority between and among issues and successive issues as to security, the pledge of revenues and lien on and security interest in the land, buildings, and facilities involved, may be controlled by the resolutions authorizing the issuance of bonds under this chapter.    (d) Subject to the provisions of this section and § 14-143-110 and §§ 14-143-112 — 14-143-118 of this chapter pertaining to registration, the bonds shall have all the qualities of negotiable instruments under the laws of the State of Arkansas.
AR Code § 14-143-112 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-112. Issuance of revenue bonds — Indenture

 (a) The resolution authorizing the bonds may provide for the execution by the authority of an indenture which defines the rights of the holders and registered owners of the bonds and provides for the appointment of a trustee for the holders and registered owners of the bonds.  (b) Indenture may control the priority between successive issues and may contain any other terms, covenants, and conditions that are deemed desirable, including, without limitation, those pertaining to:  (1) The custody and application of the proceeds of the bonds;  (2) The collection and disposition of revenues;  (3) The maintenance of various funds and reserves;  (4) The imposition and maintenance of taxes, fees, rates and charges for the use of regional intermodal facilities and other facilities of the authority;  (5) The nature and extent of the security;  (6) The rights, duties, and obligations of the authority and the trustee; and  (7) The rights of the holders and registered owners of the bonds.
AR Code § 14-143-113 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-113. Issuance of revenue bonds — Price and manner sold

 The bonds may be sold for such price, including sale at a discount, and in such manner as the authority may determine by resolution.
AR Code § 14-143-114 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-114. Issuance of revenue bonds — Execution

 (a)  (1) The bonds shall be executed by the manual or facsimile signatures of the chairman and secretary of the authority.  (2) In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before the delivery of the bonds or coupons, their signatures shall nevertheless be valid and sufficient for all purposes.    (b) The coupons attached to the bonds may be executed by the facsimile signature of the chairman of the authority.
AR Code § 14-143-115 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-115. Issuance of revenue bonds — Obligation of authority

 (a) The revenue bonds issued under this chapter shall be obligations only of the authority and shall not be general obligations of any county or municipality, or the state.  (b)  (1) In no event shall the revenue bonds constitute an indebtedness of any county or municipality, or the state within the meaning of any constitutional or statutory limitation.  (2) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this chapter and that it does not constitute an indebtedness of any county or municipality, or the state within any constitutional or statutory limitation.    (c) The principal of and interest on the bonds may be secured, to the extent set forth in the resolution or indenture securing the bonds, by a pledge of and payable from all or any part of revenues derived from the use of facilities of the authority, including, without limitation:  (1) Revenues derived from rates and charges imposed and maintained for the use of facilities of the authority;  (2) Revenues derived from taxes or fees levied under subdivision (a)(15) and (16) of § 14-143-109 of this chapter; and  (3) Lease rentals under leases or payments under security agreements or other instruments entered into under this chapter.
AR Code § 14-143-116 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-116. Issuance of revenue bonds — Refunding bonds

 (a)  (1) Revenue bonds may be issued under this chapter for the purpose of refunding any obligations issued under this chapter.  (2) The refunding bonds may be combined with bonds issued 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 be either applied to the payment of the obligations refunded or deposited in escrow for the retirement of them.    (c)  (1) All refunding bonds issued under this chapter shall, in all respects, be authorized, issued, and secured in the manner provided for other bonds issued under this chapter and shall have all the attributes of these bonds.  (2) The resolution under which these 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 by them.
AR Code § 14-143-117 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-117. Issuance of revenue bonds — Mortgage lien

 (a) The resolution or indenture securing the bonds may impose a forecloseable mortgage lien upon or security interest in the facilities of the authority, or any portion thereof, and the extent of the mortgage lien or security interest may be controlled by the resolution or indenture including, without limitation, provisions pertaining to the release of all or part of the facilities subject to the mortgage lien or security interest in the event of successive issues of bonds.  (b) Subject to the terms, conditions, and restrictions contained in the resolution or indenture, any holder of any of the bonds, or of any coupon attached thereto, or a trustee on behalf of the holders may, either at law or in equity, enforce the mortgage lien or security interest and may, by proper suit, compel the performance of the duties of the officials of the authority set forth in this chapter and set forth in the resolution or indenture.
AR Code § 14-143-118 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-118. Issuance of revenue bonds — Default

 (a)  (1) In the event of a default in the payment of the principal of or interest on any bonds issued under this chapter, any court having jurisdiction may appoint a receiver to take charge of any facilities upon or in which there is a mortgage lien or security interest securing the bonds in default.  (2) The receiver shall have the power to operate and maintain the facilities in receivership and to charge and collect taxes, fees, rates and rents sufficient to provide for the payment of any costs of receivership and operating expenses of the facilities in receivership and to apply the revenues derived from the facilities in receivership in conformity with this chapter and the resolution or indenture securing the bonds in default.  (3) When the default has been cured, the receivership shall be ended and the facilities returned to the authority.    (b) The relief provided for in this section shall be construed to be in addition and as supplemental to the remedies that may be provided for in the resolution or indenture securing the bonds and shall be so granted and administered as to accord full recognition to priority rights of bondholders as to the pledge of revenues from, mortgage lien on, and security interest in facilities as specified in and fixed by the resolution or indenture securing successive issues of bonds.
AR Code § 14-143-119 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-119. Agreements to obtain funds

 Each authority may, in connection with obtaining funds for its purposes, enter into any agreement with any person, firm, or corporation including the federal government, or any agency or subdivision thereof, containing such provisions, covenants, terms, and conditions as the authority may deem advisable.
AR Code § 14-143-120 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-120. Acquisition of property

 (a) Whenever it shall be deemed necessary by an authority, in connection with the exercise of its powers conferred in this chapter, to take or acquire any lands, structures, buildings, or other rights, either in fee or as easements, for the purposes set forth in this chapter, the authority may purchase them directly or through its agents from the owners thereof, or failing to agree with the owners, the authority may exercise the power of eminent domain, and these purposes are declared to be public uses for which private property may be taken or damaged.  (b) Should an authority elect to exercise the right of eminent domain, condemnation proceedings shall be maintained by and in the name of the authority, and it may proceed in the manner provided by the general laws of the State of Arkansas for the procedure by any county, municipality, or authority organized under the laws of this state, or by railroad corporations, as the authority may, in its discretion, elect.
AR Code § 14-143-121 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-121. Exemption from taxation

 (a) Each authority shall be exempt from the payment of any taxes or fees to the state, or any subdivision thereof, or to any office or employee of the state, or of any subdivision thereof; however, each authority shall withhold and remit state income taxes as prescribed by the Arkansas Income Tax Withholding Act of 1965, § 26-51-901 et seq.  (b)  (1) The property of each authority shall be exempt from all local and municipal taxes.  (2) Bonds, notes, debentures, and other evidences of indebtedness of the authority are declared to be issued for a public purpose and to be public instrumentalities and, together with interest thereon, shall be exempt from all state, county, and municipal taxes, including, but without limitation, income, inheritance and estate taxes.    (c) A lessee of an authority under § 14-143-126 is exempt from state, county, and municipal sales and use taxes on purchases of tangible personal property and services if:  (1) The lessee's facility is constructed after July 22, 2015, and has not been occupied by any other authority lessee;  (2) At an establishment within fifty (50) miles of the intermodal facility, the lessee has not ceased or substantially reduced operations of a nature similar to those being performed at the lessee's facility within the intermodal facility;  (3) The tangible personal property or service is consumed, used, or performed at the lessee's facility within the intermodal facility; and  (4) The lessee's facility is used to carry out the essential governmental functions of the authority under § 14-143-104(b).
AR Code § 14-143-122 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-122. Use of surplus funds

 (a) If an authority should realize a surplus, whether from operating the intermodal facilities and other facilities or leasing it or them for operation, over and above the amount required for the maintenance, improvement, and operation of the intermodal facility and other facilities and for meeting all required payments on its obligations, it shall set aside the reserve for future operations, improvements, and contingencies as it shall deem proper and shall then apply the residue of the surplus, if any, to the payment of any recognized and established obligations not then due.  (b) After all the recognized and established obligations have been paid off and discharged in full, the authority shall, at the end of each fiscal year, set aside the reserve for future operations, improvements, and contingencies as prescribed in subsection (a) and then pay the residue of the surplus, if any, to the counties and municipalities in direct proportion to their financial contribution, provided that no such distribution of said residue of the surplus shall violate United States law or the terms of any deed, grant agreement or other agreement with the United States.
AR Code § 14-143-123 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-123. Public and private contributions

 (a) Contributions may be made to authorities from time to time by the counties, municipalities, and the state and persons, firms, or corporations that shall desire to do so.  (b) In order to afford maximum opportunities for contributions, the agreement provided for under § 14-143-103 of this chapter may be treated as a cooperative agreement under the provisions of the Interlocal Cooperation Act, § 25-20-101 et seq., and may contain language enabling the agreement to be treated as a formal compact under §§ 14-165-201 — 14-165-204 in which case the authority shall hold title to property in its powers and capacity as a public corporation rather than as a commission-trustee as provided in §§ 14-165-201 — 14-165-204, or may be treated as a less formal arrangement for the cooperative use of industrial development bond funds, all to the end that the counties and municipalities may contribute to the authority funds derived from general obligation bonds under Arkansas Constitution Amendments 13 and 49, from revenue bonds under §§ 14-164-201 — 14-164-206 from other available sources, and may contribute funds derived from a combination of these sources.
AR Code § 14-143-124 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-124. Accounts and reports

 (a)  (1) All funds received by an authority shall be deposited in such banks as the authority may direct and shall be withdrawn therefrom in such manner as the authority may direct.  (2)  (A) Each authority shall keep strict account of all of its receipts and expenditures and shall each quarter make a report to those participating entities which have made contributions.  (B)  (i) The report shall contain an itemized account of its receipts and disbursements during the preceding quarter.  (ii) The report shall be made within sixty (60) days after the termination of the quarter.        (b)  (1) Within sixty (60) days after the end of each fiscal year, each authority shall cause an annual audit to be made by an independent certified public accountant and shall file a copy of the resulting audit report with each of the governing bodies participating in the authority. This audit shall contain an itemized statement of its receipts and disbursements for the preceding year.  (2) The books, records, and accounts of each authority shall be subject to audit and examination by any proper public official or body in the manner provided by law.    (c) The agreement provided for in § 14-143-103 of this chapter may also provide for each authority to furnish the participating governing bodies copies of its annual budget for examination and approval.
AR Code § 14-143-125 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-125. County, municipal, and state authority

 (a) Counties and municipalities are authorized and empowered to appoint members of the authorities and counties, municipalities, and the state are authorized and empowered to contribute to the cost of acquiring, constructing, equipping, maintaining, and operating the regional intermodal facilities and appurtenant facilities.  (b) Counties, municipalities, and the state are authorized and empowered to transfer and convey to the authorities property of any kind acquired by the counties, municipalities, and the state for transportation purposes.
AR Code § 14-143-126 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-126. Lease of facilities

 (a) Each authority may lease its intermodal facilities and all or any part of its appurtenances and facilities to any available lessee at such rental and upon such terms and conditions as the authority shall deem proper.  (b) Leases shall be for some purpose associated with intermodal transportation activities.
AR Code § 14-143-127 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-127. Sale of assets

 In the event the board shall so determine, any authority may make sale of all or any part of its properties and assets and distribute the proceeds among the participating municipalities and the counties in the proportion each such unit contributed to the authority's funds or otherwise in the manner set forth in the agreement establishing the authority, provided, no sale of properties or assets and no distribution of proceeds of such sale shall be done in a manner which violates United States law or the terms of any deed, grant agreement, or other agreement with the United States.
AR Code § 14-143-128 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-128. Authorized investors

 Any municipality, or any board, commission, or other authority duly established by ordinance of any municipality, or the boards of trustees, respectively, of the firemen's relief and pension fund and the policemen's pension and relief fund of any such municipality, or the board of trustees of any retirement system created by the General Assembly of the State of Arkansas, may, in its discretion, invest any of its funds not immediately needed for its purposes, in bonds issued under the provisions of this chapter, and bonds issued under the provisions of this chapter shall be eligible to secure the deposit of public funds.
AR Code § 14-143-129 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-129. Construction

 This chapter shall be liberally construed to accomplish its intent and purposes and shall be the sole authority required for the accomplishment of its purpose. To this end:   (1) It shall not be necessary to comply with the general provisions of other laws dealing with public facilities, their acquisition, construction, leasing, encumbering, or disposition, except to the extent provided for in § 14-206-101, et. seq., § 14-207-101, et seq., and § 18-15-501, et seq.; and  (2) Section 15-5-303 shall not apply.
AR Code § 14-143-130 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 8 - Public Facilities Generally|Chapter 143 - Regional Intermodal Facilities Act|§ 14-143-130. Funding for regional intermodal facilities

 (a) The Arkansas Department of Transportation shall distribute the first five hundred twenty-five thousand dollars ($525,000) of interest income received under § 27-70-204 each year from the State Highway and Transportation Department Fund. The moneys shall be:  (1) Equally distributed to each authority;  (2) Deposited into a bank as the authority may direct under § 14-143-124(a)(1); and  (3) Used for the purposes and the implementation of the powers authorized under this chapter.    (b) Moneys remaining in the bank designated by the authority under subdivision (a)(2) of this section shall carry forward and be made available for the purposes stated in subdivision (a)(3) of this section in the next fiscal year.
AR Code § 14-173-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 173 - Economic Development Grants|§ 14-173-101. Title

 This chapter shall be known and cited as the “City and County Economic Development Grant Authorization Act”.
AR Code § 14-173-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 10 - Economic Development And Tourism Generally|Chapter 173 - Economic Development Grants|§ 14-173-102. Definitions

 As used in this chapter, unless the context otherwise requires:   (1) “City” means any city of the first class, any city of the second class, or any incorporated town established by the laws of the State of Arkansas;  (2) “County” means any county in the State of Arkansas;  (3) “Economic development grant program” means a governmental program to award grants to nonprofit corporations to encourage the location, relocation, creation, or development of a business, industry, manufacturing facility, transportation facility, or other economic unit which creates jobs, employs people, or generates economic activity;  (4) “Grant” means an award or transfer of public funds to a nonprofit corporation under a set of prescribed criteria to accomplish the public purpose of economic development in the city or in the county or in their surrounding areas; and  (5) “Grantee” means the nonprofit corporation to whom the grant is awarded based on the prescribed criteria for awarding the funds under the establishing ordinance.