§ 22-9-505. Powers and duties of Treasurer of State
(a) The Treasurer of State shall have the power to enter into a contract or agreement with any state or national bank having a trust department located in Arkansas for the custodial care and servicing of any securities deposited with him or her pursuant to this subchapter. (b) The services shall consist of the safekeeping […]
§ 22-9-902. Legislative intent
The General Assembly intends for this subchapter to: (1) Provide for the efficient procurement of services to provide for the online advertisement of notices of an intention to receive bids by local governmental units; (2) Promote the economical and efficient administration and completion of public works construction projects; (3) Provide for an impartial selection process […]
§ 22-9-601. Definitions
As used in this subchapter: (1) “Construction contract” means a contract between a public agency and a prime contractor which obligates the prime contractor to construct, repair, replace, or maintain improvements for the public agency; (2) “Cost of the project” means the sum the public agency originally agrees to pay the prime contractor for performance […]
§ 22-9-602. When subchapter not applicable
The provisions of this subchapter shall not be applicable to contracts entered into by the State Highway Commission for the construction or maintenance of public highways, roads, or streets.
§ 22-9-603. Waiver of subchapter provisions prohibited
The parties to a construction contract to which this subchapter is applicable shall have no authority to vary or waive the provisions of this subchapter by agreement of the parties.
§ 22-9-604. Procedure
(a) (1) (A) In the case of a construction contract entered into between a public agency and a contractor who is required to furnish a performance and payment bond, the contractor shall be entitled to payment of ninety-five percent (95%) of the earned progress payments when due, with the public agency retaining five percent (5%) […]
§ 22-9-701. Relocation assistance and payments
When any department, agency, or instrumentality of the state, or any county, municipality, or other political subdivision, or any levee, drainage, or other improvement district, or any other public entity subject to the provisions of the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 undertakes any program or project wholly or partially […]
§ 22-9-702. Payments not compensation for realty taken
Any payment made under the authority granted in § 22-9-701 shall be for compensating or reimbursing the displaced person in accordance with the requirements of the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, and the payments shall not, for any purpose, be deemed or considered compensation for real property acquired or […]
§ 22-9-801. Title
This subchapter shall be known and may be cited as the “Fair and Open Competition in Governmental Construction Act”.
§ 22-9-402. Authorized bonding companies — Agents
(a) All bonds enumerated in § 22-9-401 and bid bonds enumerated in § 19-4-1405 shall be made by surety companies that have qualified and are authorized to do business in the State of Arkansas and are listed on the current United States Department of the Treasury’s Listing of Approved Sureties. (b) (1) The bonds shall […]