(a) Pollution control facilities are legislatively determined to be essential to the securing and developing of industry and essential to the health, safety, and physical and economic welfare of the people of this state. (b) The availability of permanent financing for pollution control facilities on favorable terms is necessary in the case of new and […]
As used in this chapter, unless the context otherwise requires: (1) “Acquire” means to obtain by gift, purchase, or other arrangement any pollution control facilities, including, without limitation, those theretofore existing, those theretofore constructed and equipped, those theretofore partially constructed and equipped, and those being constructed and equipped at the time of acquisition, for such […]
(a) This chapter is to be liberally construed to accomplish the purposes hereof and shall be the sole act and authority necessary to be complied with. To that end, this chapter and the authority conferred by it shall be supplemental to all other authority set forth in any other act authorizing or dealing with industrial […]
Any municipality and any county in this state is authorized to own, acquire, contruct, reconstruct, extend, equip, improve, operate, maintain, sell, lease, contract concerning, or otherwise deal in or dispose of, or make loans to finance the acquisition, construction, reconstruction, extension, equipment, or improvement of pollution control facilities for the disposal or control of sewerage, […]
Municipalities and counties are authorized to enter into and carry out appropriate agreements with any agency or political subdivision of the United States of America or of the State of Arkansas pertaining to the accomplishment of the purposes authorized by this chapter including, without limitation, loan agreements for the borrowing of money and agreements pertaining […]
(a) Municipalities and counties are authorized to use any available revenues for the accomplishment of pollution control projects, either alone or together with other available funds and revenues. They may issue bonds, as authorized in this chapter, for the accomplishment of pollution control projects, either alone or together with other available funds and revenues. (b) […]
(a) (1) The issuance of bonds shall be by ordinance of the municipality or by order of the county court. (2) The bonds may be coupon bonds payable to bearer, but subject to registration as to principal only or as to principal and interest; may be exchangeable for bonds of another denomination; may be in […]
(a) Bonds may be issued for the purpose of refunding any obligations issued under this chapter. (b) The refunding bonds may be combined with bonds issued under the provisions of § 14-267-107 into a single issue. (c) (1) When bonds are issued under this section for refunding purposes, the bonds may either be sold or […]
(a) The bonds issued under this chapter shall not be general obligations of the municipality or county but shall be special obligations. In no event shall the bonds constitute an indebtedness of the municipality or county within the meaning of any constitutional or statutory limitation. (b) It shall be plainly stated on the face of […]
(a) The ordinance, order, or indenture referred to in § 14-267-107 may, but need not, impose a foreclosable mortgage lien upon the land, buildings, and facilities acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds of bonds issued under this chapter. The nature and extent of the mortgage lien […]
(a) 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 the land, buildings, or facilities acquired, constructed, reconstructed, extended, equipped, or improved, in whole or in part, with the proceeds […]
Bonds issued under this chapter shall be exempt from all state, county, and municipal taxes, including income and inheritance taxes.
(a) Any municipality; any board, commission, or other authority duly established by ordinance of any municipality; the boards of trustees, respectively, of the firemen’s relief and pension fund and the policemen’s pension and relief fund of any municipality; or the board of trustees of any retirement system created by the General Assembly, may, in its […]
