§ 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 […]
§ 27-88-114. Sinking fund for payment of bonds
At or before the issuance of any bonds, the State Highway Commission shall: (1) By resolution provide for a sinking fund for the payment of the principal of the bonds and the interest thereon and for the payment of the charges of banks or trust companies for making payment of the principal and interest; and […]
§ 27-88-115. Operation and maintenance fund
(a) All revenues of the bridge or ferry not required under the provisions of this chapter to be paid into the sinking fund provided in the resolution authorizing the issuance of bonds shall be paid into an operation and maintenance fund and be used by the State Highway Commission in the operation and maintenance of […]
§ 27-88-116. Tolls, rates, and fees
(a) The State Highway Commission is authorized, and it shall be its duty, by resolution to establish, maintain, and collect just and equitable tolls, rates, fees, and other charges for the use of and the services rendered by the bridge or ferry. (b) The commission may change and readjust the tolls, rates, fees, and other […]
§ 27-88-101. Liberal construction
This chapter shall be liberally construed to effectuate the purposes thereof.
§ 27-88-102. Definitions
As used in this chapter, unless the context otherwise requires: (1) “Commission” means the State Highway Commission of the State of Arkansas; (2) “Construction” and “constructing” when said with reference to ferries include the terms “purchase” and “purchasing”, respectively; (3) “General Bridge Authority Act” has reference to 33 U.S.C. § 525 et seq.; and (4) […]