§ 23-18-909. Storm recovery bonds not public debt — Legal investments
(a) Storm recovery bonds are not a debt or a general obligation of the state or any of its political subdivisions, agencies, or instrumentalities and are not a charge on their full faith and credit. An issue of storm recovery bonds does not, directly or indirectly or contingently, obligate the state or any agency, political […]
§ 23-18-910. Tax treatment
The Arkansas state income tax treatment of the following events will conform to the federal income tax treatment of such events: (1) The electric utility’s receipt of a financing order that creates storm recovery property for the benefit of the electric utility; (2) The electric utility’s receipt of cash or other valuable consideration in exchange […]