§ 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 […]
§ 23-18-911. State pledge — Definition
(a) For purposes of this section, the term “bondholder” means a person who holds, owns, or is the beneficial holder or owner of a storm recovery bond. (b) (1) The state and its agencies, including the Arkansas Public Service Commission, pledge to and agree with bondholders, the owners of the storm recovery property, and other […]