§ 27-89-201. Creation of commission — Members
(a) The Governor, by and with the advice and consent of the Senate, shall appoint three (3) commissioners to enter into a compact on behalf of the State of Arkansas with the State of Mississippi. (b) If the Senate is not in session at the time for making these appointments, the Governor shall make temporary […]
§ 27-89-202. Text of compact
COMPACT BETWEEN ARKANSAS AND MISSISSIPPI CREATING AN ARKANSAS-MISSISSIPPI BRIDGE COMMISSION ARTICLE I There is created an Arkansas-Mississippi Bridge Commission (hereinafter referred to as the commission) which shall be a body corporate and politic and which shall have the following powers and duties: (1) To plan, construct, maintain, and operate a bridge and approaches thereto across […]
§ 27-89-203. Compact binding when signed — Filing
The compact when signed by the signatories of each state as herein provided shall become binding upon the State of Arkansas and shall be filed in the office of the Secretary of State of Arkansas.
§ 27-89-204. Consent of Congress — Effect
The commission shall have power to apply to the Congress of the United States for its consent and approval of the compact; in the absence of consent of Congress and until the compact shall have been secured, the compact shall be binding upon the State of Arkansas in all respects permitted by law for the […]
§ 27-89-301. Text of compact
The Chairman of the State Highway Commission of the State of Arkansas, acting on behalf of this state, is authorized to execute a compact, to be known as the “Arkansas-Mississippi Great River Bridge Construction Compact,” in substantially the following form, with the State of Mississippi, and the General Assembly signifies in advance its approval and […]
§ 27-89-305. Use of state funds — Appropriation necessary for construction funds
The State Highway Commission is authorized to use moneys appropriated for the operation of the Arkansas Department of Transportation for payment of the State of Arkansas’s pro rata share of the administrative costs of the compact authority, but shall have no authority to authorize, or contract for, the use of moneys in the State Highway […]
§ 27-88-112. Notes and bonds as negotiable instruments
All bonds and notes issued under the provisions of this chapter shall be, and shall have, all the qualities and incidents of negotiable instruments under the negotiable instruments law of this state.
§ 27-89-306. Application to Congress for consent and approval — Binding effect of compact
The authority shall have power to apply to the Congress of the United States for its consent and approval of the compact; but in the absence of such consent of Congress and until that consent shall have been secured, the compact shall be binding upon the State of Arkansas in all respects permitted by law […]
§ 27-88-113. Tax exemption
The bonds issued under this chapter shall be exempt from the state income taxes.
§ 27-90-201. Definitions
As used in this subchapter, unless the context otherwise requires: (1) “Bonds”, “turnpike revenue bonds”, or “revenue bonds” means revenue bonds or notes of the State Highway Commission authorized under and issued under this subchapter; (2) “Commission” means the State Highway Commission; (3) (A) “Costs” or “project costs” means all direct and indirect costs incurred […]