§ 14-363-202. Definitions
As used in this subchapter, unless the context otherwise requires: (1) “Airport” means any area of land usable for the landing and taking off of airplanes; (2) A city is “served” by an airport if the airport is used for private flying or otherwise as a point of arrival or departure by air by persons […]
§ 14-362-123. Public and private contributions
(a) Contributions may be made to authorities from time to time by the counties and municipalities 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 § 14-362-103 may be treated as a cooperative agreement under the provisions of the […]
§ 14-362-124. 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(a) (1) All funds received by an authority shall be deposited in such banks as the authority may direct and shall be withdrawn therefrom in such manner as the authority may direct.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 each quarter shall make a report to […]
§ 14-362-125. County, municipal, and state authority
(a) Counties, municipalities, and the state are authorized and empowered to appoint members of the authorities and to contribute to the cost of acquiring, constructing, equipping, maintaining, and operating the regional airports and appurtenant facilities. (b) Counties, municipalities, and the state are authorized and empowered to transfer and convey to the authorities property of any […]
§ 14-362-126. Lease of facilities
(a) Each authority may lease its airport 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 airport activities.
§ 14-362-127. Sale of assets
(a) In the event the board shall so determine, any authority may sell all or any part of its properties and assets and distribute the proceeds among the participating municipalities, counties, and the state in the proportion each unit contributed to the authority’s funds or otherwise in the manner set forth in the agreement establishing […]
§ 14-362-128. Workers’ compensation
All employees of each authority who are eligible shall be deemed to be within the workers’ compensation laws of Arkansas, and premiums on their compensation shall be paid by the authority as required by law.
§ 14-362-113. 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.
§ 14-362-129. Existing authorities
Any existing regional airport authority, de facto or de jure, previously created, or attempted to have been created, under the acts of Arkansas, or in any other manner created under color of law, having been created substantially in conformance with the provisions contained in this chapter is declared to be a body corporate and public […]
§ 14-362-114. Issuance of revenue bonds — Execution
(a) (1) The bonds shall be executed by the manual or facsimile signatures of the chair 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 […]