§ 22-3-1204. Provisions exclusive and overriding
(a) This subchapter shall be the complete and sole authority for the establishment of the purposes set forth in this subchapter. (b) To the extent that there is a conflict between the purposes of this subchapter and Chapter 2 of this title, the provisions of this subchapter shall govern.
§ 22-3-1205. Powers of Building Authority Division generally
(a) In addition to the powers, purposes, and authorities set forth elsewhere in this subchapter or in other laws, the Building Authority Division is authorized and empowered to: (1) Acquire, construct, repair, renovate, alter, maintain, and equip existing or new buildings and capital improvements and the sites upon which they are situated for use by […]
§ 22-3-1206. Plan for proposed construction — Hearings and review — Filing of financial statement
(a) Before certificates of indebtedness as authorized by this subchapter may be issued by the Building Authority Division and purchased by the State Board of Finance, the division shall develop a plan for all proposed construction work to be performed, the location at which the work is to be performed, and the proposed use of […]
§ 22-3-1207. Certificates of indebtedness — Issuance and purchase authorized
(a) (1) For the purpose of providing funds for the construction of buildings as authorized in this subchapter, the Director of the Building Authority Division, with the approval of the Governor and the Secretary of the Department of Transformation and Shared Services, is authorized and empowered to issue, and the State Board of Finance is […]
§ 22-3-1208. Certificates of indebtedness — Terms and execution
(a) (1) The certificates of indebtedness shall be in such form and denomination, and shall have such dates and maturities, and may be issued in such series, as the Building Authority Division shall determine. (2) The schedule of principal and interest maturities shall be arranged so that the aggregate amount maturing each year, except for […]
§ 22-3-1209. Certificates of indebtedness — Pledge of revenues and restrictions generally
(a) The certificates shall be the obligations of the Building Authority Division, and the nontax revenues available to the division under the provisions of § 22-3-1210, as distinguished from any tax moneys which may be made available for the operation of the division, are pledged to secure the payment of the certificates. (b) The certificates […]
§ 22-3-1210. Certificates of indebtedness — Public Facilities Debt Service Fund
(a) The principal of and interest on the certificates of indebtedness issued under this subchapter shall be secured, except as stated in subdivision (c)(1) of this section, by a lien on and pledge of: (1) All revenue derived from payments by the Arkansas Development Finance Authority pursuant to § 22-3-1225(b) which is a portion of […]
§ 22-3-1211. Certificates of indebtedness — Tax exemption
Certificates of indebtedness issued under the provisions of this subchapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes. This exemption shall include income, property, inheritance, and estate taxes.
§ 22-3-1212. Certificates of indebtedness — Funds used for purchase — Retirement
(a) (1) The state funds which may be used by the State Board of Finance in making the purchases of the certificates of indebtedness are those specifically referred to under the provisions of the State Treasury Management Law, § 19-3-501 et seq. (2) All certificates purchased or received shall be held in trust for the […]