reglab/housing_qa huggingface dataset:
AR Code § 14-186-405 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-405. Provisions in authorizing ordinance or order

 (a) The ordinances or orders authorizing the issuance of the revenue bonds may contain provisions for the acceleration of the maturities of the unmatured bonds in the event of default in the payment of any principal or interest maturing under the bond issue, or part failure to meet any sinking fund requirements, or in any other stipulated event, and these provisions will be binding.  (b) The priorities as between successive issues of revenue bonds may also be controlled by the provisions of the ordinances or orders.  (c) The ordinances or orders may also, if deemed desirable, provide for:  (1) The issuance, contemporaneously with the execution of the bonds, of an indenture defining the rights of the bondholders inter sese;  (2) Appointing a trustee for the bondholders, which trustee may be a domestic or foreign corporation;  (3) Vesting in the trustee, to such extent as is deemed advisable, all rights of action under the bonds, providing for the priority of lien as between successive bond issues;  (4) The acceleration of bond maturities;  (5) Any covenants on the part of the municipalities or counties relating to:  (A) The construction or acquisition of the port;  (B) The application or safeguard of the proceeds of the bonds; or  (C) Other covenants intended for the protection of the bondholders; and    (6) Any other provisions, whether similar or dissimilar to the foregoing, which are consistent with the terms of this subchapter and which may be deemed desirable.
AR Code § 14-186-406 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-406. Lease of port

 The municipalities or counties desiring to avail themselves of the benefit of this subchapter and to join in the issuance of bonds as provided in this subchapter shall have the power to lease the port to an operating person, company, or corporation in such manner and upon such terms as may be deemed to be in the best interest of the municipalities or counties.
AR Code § 14-186-407 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-407. Right of eminent domain

 For the purpose of acquiring a new port under the provisions of this subchapter or for the purpose of acquiring any property necessary for it, municipalities and counties shall have the right of eminent domain as is provided in §§ 18-15-301 — 18-15-303 and any acts amendatory and supplementary to it.
AR Code § 14-186-408 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-408. Obligations incurred by municipalities or counties

 (a) No obligation shall, nor may, be incurred by municipalities or counties in the construction or acquisition of any port contemplated in this subchapter, or in the condemnation of property in connection with it, except such as shall be payable solely from the funds to be acquired from the sale of revenue bonds of the character authorized by this subchapter.  (b) In view of this section, the court, in condemnation proceedings instituted under this subchapter by municipalities or counties, may make such requirements of security as will serve to protect the landowner.
AR Code § 14-186-409 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-409. Issuance of revenue bonds generally

 (a)  (1) Whenever it shall be determined by the legislative body of any municipality or by the county court of any county to join with another municipality or other municipalities or another county or other counties, to construct, purchase, establish, equip, and operate a port under the provisions of this subchapter, it shall cause an estimate to be made of the costs of it and shall provide, by ordinance of the legislative body or by order of the county court, as the situation may require, for the issuance of revenue bonds, as provided in this subchapter.  (2)  (A) The ordinance or order shall set forth a brief description of the contemplated improvement or improvements, the estimated costs of them, the amount, rate of interest, time and place of payment, and other details in connection with the issuance of the bonds.  (B) The bonds shall bear interest at such rate or rates, payable semiannually, and shall be payable at such times not exceeding forty (40) years from their date and at such places as shall be prescribed in the respective ordinance or order.      (b) The bonds shall be executed by each municipality joining in the undertaking by its mayor and clerk or recorder, and by each county joining in the undertaking by its county judge and county clerk.  (c)  (1) Each ordinance and order shall also declare that a statutory mortgage lien shall exist upon the property so to be acquired or constructed, fix the minimum rate or rates on all freight or cargo that passes over or through the port, to be collected prior to the payment of all of the bonds, and shall pledge the revenue derived from the port for the purpose of paying the bonds, and the interest on them.  (2)  (A) The pledge shall definitely fix and determine the amount of revenues which shall be necessary to set apart and apply to the payment of principal of, and interest on, the bonds, and the proportion of the balance of the revenues and income which are to be set aside as a proper and adequate depreciation account, and the remainder shall be set aside for the reasonable and proper operation of the port.  (B) The rates to be charged for the services from the port shall be sufficient to provide for:  (i) The payment of interest upon all bonds and to create a sinking fund to pay the principal of them as and when they become due;  (ii) For the operation and maintenance of the port; and  (iii) An adequate depreciation fund.
AR Code § 14-186-410 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-410. Notice and hearing on issuance

 (a) After the passage of any ordinance pursuant to § 14-186-409, it shall be published one (1) time in a newspaper published in the municipality. If there is no newspaper so published, then the ordinance shall be published in a newspaper which has a bona fide general circulation within the municipality, with a notice to all persons concerned stating that:  (1) The ordinance has been passed;  (2) The municipality contemplated the issuance of the bonds described in the ordinance; and  (3) Any person interested may appear before the legislative body, upon a certain date, which shall be not less than ten (10) days subsequent to the publication of the ordinance and notice, and present protests.    (b) After the granting of any order, it shall be published one (1) time in a newspaper published in the county, with a notice to all persons concerned stating that:  (1) The order has been granted;  (2) The county contemplated the issuance of the bonds described in the order; and  (3) Any person interested may appear before the county court, upon a certain date, which shall be not less than ten (10) days subsequent to the publication of the order and notice, and present protests.    (c) At the hearing, all objections and suggestions shall be heard and the legislative body or county court shall take such action as it shall deem proper in the premises.
AR Code § 14-186-411 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-411. Execution and sale of bonds

 (a) Bonds provided for in this subchapter shall be issued in such amounts as may be necessary to provide sufficient funds to pay all costs of construction or acquisition, including engineering, legal, and other expenses, together with interest to a date not exceeding five (5) years.  (b)  (1) Bonds issued under the provisions of this subchapter are declared to be negotiable instruments. They shall be executed as provided in this subchapter and be sealed with the seal of each municipality or county joining in the undertaking.  (2) In the event that any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before the delivery of the bonds, their signatures shall, nevertheless, be valid and sufficient for all purposes the same as if they had remained in office until the delivery.    (c)  (1)  (A) Bonds authorized under the provisions of this subchapter may be sold at not less than ninety cents (90¢)on the dollar and the proceeds from them shall be used exclusively for the purposes for which the bonds are issued.  (B) The bonds may be sold at one (1) time or in parcels as funds are needed and may be sold at private sale or public sale on such notice and in such manner as may be determined in the respective ordinances or order.    (2)  (A) A fiscal agent may be employed in the issuance and sale of the bonds, and he shall be entitled to such reasonable compensation as may be agreed upon.  (B) No fiscal agent may purchase, directly or indirectly, any of the bonds while he serves in the capacity of fiscal agent.
AR Code § 14-186-412 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-412. Payment of bonds

 (a) Bonds issued under the provisions of this subchapter shall be payable solely from the revenues derived from the port for the construction or acquisition of which the bonds were issued, and the bonds shall not in any event constitute an indebtedness of any such municipality or any such county within the meaning of the constitutional provisions or limitations.  (b) It shall be plainly stated on the face of each bond that it has been issued under the provisions of this subchapter and that it does not constitute an indebtedness of the municipality or county within any constitutional or statutory limitation.
AR Code § 14-186-413 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-413. Statutory mortgage lien

 (a)  (1) There shall be a statutory mortgage lien upon the port constructed or acquired from the proceeds of bonds authorized to be issued under the provisions of this subchapter. This lien shall exist in favor of the holders of the bonds and each of them and to and in favor of the holders of the coupons attached to the bonds.  (2) The port shall remain subject to this statutory mortgage lien until the payment in full of the principal of, and interest on, the bonds.    (b)  (1) Subject to such restrictions as may be contained in the indenture authorized in this subchapter, any holder of bonds issued under the provisions of this subchapter, or of any coupons representing interest accrued on them, may, either at law or in equity, enforce the statutory mortgage lien conferred by this section, and may, by proper suit, compel the performance of the duties of the officials of the respective municipality or county set forth in this subchapter.  (2) If there is default in the payment of the principal or interest upon any of the bonds, any court having jurisdiction, in any proper action, may appoint a receiver to administer the port. This receiver shall have power to charge and collect rates sufficient to provide for the payment of the bonds and the interest on them and for the payment of the operating expenses, and power to apply the income and revenues in conformity with this subchapter and the respective ordinance or order providing for the issuance of the bonds.
AR Code § 14-186-414 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-414. Service rates and surplus

 (a) Rates fixed precedent to the issuance of bonds shall not be reduced until all of the bonds shall have been fully paid and, whenever necessary, may be increased in amounts sufficient to provide for the payment of the bonds, both principal and interest, and to provide proper funds for the depreciation account and operation and maintenance charges.  (b)  (1) If any surplus shall be accumulated in the operating and maintenance fund which shall be in excess of the costs of maintaining and operating the port during the remainder of the fiscal year then current, and the costs of maintaining and operating the port during the fiscal year ensuing, then any excess may be transferred to either the depreciation account, or to the bond and interest redemption account as may be provided.  (2) If any surplus shall be accumulated in the depreciation account over and above that which may be found necessary for the proper replacements which may be needed during the present fiscal year and the ensuing fiscal year, then the excess may be transferred to the bond and interest redemption account.  (3) If any surplus shall exist in the bond and interest redemption account, it shall be applied, insofar as possible, in the purchase or retirement of outstanding revenue bonds payable from the account, and for that purpose the bonds not yet due may be purchased in the open market at not more than the fair market value of them.
AR Code § 14-186-415 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-415. Depository for funds

 (a)  (1) The municipalities or counties joined together to issue revenue bonds under the provisions of this subchapter shall designate a bank, which shall be a member of the Federal Deposit Insurance Corporation, to serve as a common depository to receive and hold on deposit and for disbursement of all revenues derived from the port.  (2)  (A) The depository shall install and maintain a proper system of accounts, showing the amount of revenues received and the application of them.  (B)  (i) The accounts shall be subject to audit at least once a year by a competent auditor.  (ii) The report of the auditor shall be open to inspection at all times to any municipality or county joining in the issuance of the bonds, any taxpayer in these localities, or any holder of bonds issued under the provisions of this subchapter, or anyone acting for and on behalf of the municipality, county, taxpayer, or bondholder.        (b)  (1) All the funds received as income from the port constructed or acquired, in whole or in part, under the provisions of this subchapter and all funds received from the sale of revenue bonds issued to construct or acquire the port shall be kept separate and apart from the other funds of the municipalities or counties.  (2) The depository shall maintain separate accounts in which shall be placed the interest and sinking fund moneys and other accounts in which shall be placed depreciation funds.
AR Code § 14-186-416 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-416. Allocation of bond proceeds

 (a)  (1) Any specified portion of the proceeds of an issue of bonds authorized under the provisions of this subchapter may be allocated to any particular project authorized under this subchapter, or to any construction, as distinguished from the purchase of a port constructed, or vice versa.  (2)  (A) After an allocation, the designated portion of the proceeds of the bond issue shall be kept separate and apart from the remaining proceeds and shall be held in trust for the performance of the purposes specified and none other.  (B) The diversion of these funds to any other purpose may be enjoined on the suit of the trustee under the indenture, if any, accompanying the bonds, or on the suit of any of the bondholders, or on the suit of any person whose property is to be served by the port.      (b) In making an allocation, the engineer's original estimate of costs shall control.  (c)  (1)  (A) In the event of the allocation of proceeds, the bonds themselves may be similarly or correspondingly segregated and allocated to the respective purposes of the issue.  (B) Bonds segregated and allocated to one (1) purpose shall, from the standpoint of legality and in all other respects, be deemed to have been issued to finance such purpose and that alone.    (2)  (A) Notwithstanding such allocation and segregation, all bonds of the entire issue will, unless the initial ordinance or order or indenture accompanying the bonds shall provide to the contrary, be secured ratably and equally by the aggregate revenues of the port financed by the bond issue.  (B) Unless the ordinance, order, or indenture shall so specifically provide, the allocation of bond proceeds or segregation of bonds mentioned in this section will never have the effect of allocating the revenues from any particular portion of the authorized port exclusively to any particular bond or bonds.
AR Code § 14-186-417 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities|Chapter 186 - Harbors And Port Facilities Generally|Subchapter 4 - Joint Operation of Ports by Municipalities and Counties|§ 14-186-417. Bonds — Tax exemption

 Bonds issued under the provisions of this subchapter shall be exempt from all state, county, and municipal taxes, including income and inheritance taxes.
AR Code § 14-199-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 199 - General Provisions|Subchapter 1 - General Provisions|§ 14-199-102. Compensation of school district in lieu of taxes

 (a)  (1) Upon approval of the governing body of a municipality, a utility owned by the municipality may compensate annually a public school district in which the utility is wholly or partly located in an amount not to exceed the amount the utility would pay in taxes if it were subject to taxation.  (2) The amount shall be based on a percentage not in excess of twenty percent (20%) of the value of all properties of the utility located in the public school district computed at the millage rate currently in effect in that district. The valuation may be determined by a certified public accountant who is personally familiar with the assets of the utility.  (3) The purpose of this subsection is to permit, but not to require, municipally owned utilities to compensate public school districts for loss of taxes resulting from the utilities' tax-exempt status.    (b)  (1) The council of any city of the first class, city of the second class, or incorporated town in this state owning an electric utility system and deriving revenues from it may agree to and make payments in lieu of taxes to any school district, all or a portion of which is within the city limits of the municipality, when some or all of the property of the electric utility system of the municipality is within the boundaries of the school district.  (2) The amount of the payment in lieu of taxes to be made to the school district shall be such amount as the council of the municipality shall determine, not to exceed the amount that would be due the school district in taxes if the property of the electric utility system of the municipality located within the boundaries of the school district was privately owned and subject to taxation by the school district.  (3) Payments in lieu of taxes shall be made only from surplus electric revenues.  (4) “Surplus electric revenues,” as used in this subsection, means electric revenues remaining after adequate provision shall have been made for expenses of operation, maintenance, and depreciation and all requirements of ordinances, orders, and indentures securing bonds theretofore issued or securing bonds thereafter issued to finance the cost of acquiring, constructing, reconstructing, extending, or improving the electric utility system have been fully met and complied with.
AR Code § 14-199-103 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 199 - General Provisions|Subchapter 1 - General Provisions|§ 14-199-103. Vacation of public utility easements

 (a) Cities of first and second class and incorporated towns are given power and authority to vacate public utility easements or segments thereof, within such cities and towns under the conditions and in the manner provided for the vacation of streets and alleys by §§ 14-301-301 — 14-301-306.  (b) A petition requesting the vacation of a public utility easement, signed by the property owners through whose property the easement extends shall be filed with the municipal legislative body and dealt with in the manner provided for by law.  (c) Upon the adoption of an ordinance vacating a public utility easement, or a segment thereof, the ownership of the lot, block, or parcel of real property through which the easement extends shall cease to be burdened with the easement.  (d) Nothing in this section shall be construed as empowering first-class and second-class cities and incorporated towns to vacate utility easements still in use or to vacate utility easements owned by utilities without just compensation therefor.  (e) This section shall be cumulative to §§ 14-301-301 — 14-301-306.
AR Code § 14-199-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 199 - General Provisions|Subchapter 1 - General Provisions|§ 14-199-104. Insurance and retirement plans

 (a) In any city of the first class owning and operating municipal light and power systems, the boards of commissioners or other controlling or managing bodies in control of such systems are authorized to provide plans of social security, group insurance, hospitalization insurance, old age pension and retirement pay benefits, or any of these benefits, for any or all employees of municipal light and power systems under such plan or plans as the boards of commissioners deem most desirable.  (b) The plans for any or all benefits may include payments from both the boards of commissioners and the employees, or either of them, and may be underwritten by some solvent insurance company or by a fund set up and maintained by the boards of commissioners from the funds of the light and power systems, except such funds as are set aside for specific purposes, the employees, or both or either of them.  (c) The plans, when perfected, shall supersede all other plans provided by law.