Browse Arkansas Code titles and sections
14-164-411. Bonds — Payment — Security.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-164-411. Bonds — Payment — Security.
(a) The principal of and interest on the revenue bonds issued pursuant to this section and § 14-164-402 shall be secured by a pledge of, and shall be payable from, revenues, as defined in § 14-164-402.
(b) Notwithstanding any provision of Arkansas law including, but not limited, § 14-200-101, et seq., in any municipality or county in which revenues have been pledged to secure the payment of revenue bonds as authorized by this subchapter, the portion of the revenues pledged to retire the revenue bonds shall not, except as permitted by the ordinance, order or trust indenture pursuant to which such revenue bonds are issued and secured, be repealed, abolished, or reduced so long as such revenue bonds, and any bonds issued to refund such revenue bonds, are outstanding.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-164-411
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-164-411
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 128f507525b8056262d4b0163f6230fc33fa9f9f8e7fbf48881d6191356dede3
Source location: content.xml paragraph 38091
Stored source content
14-164-411. Bonds — Payment — Security.
(a) The principal of and interest on the revenue bonds issued pursuant to this section and § 14-164-402 shall be secured by a pledge of, and shall be payable from, revenues, as defined in § 14-164-402.
(b) Notwithstanding any provision of Arkansas law including, but not limited, § 14-200-101, et seq., in any municipality or county in which revenues have been pledged to secure the payment of revenue bonds as authorized by this subchapter, the portion of the revenues pledged to retire the revenue bonds shall not, except as permitted by the ordinance, order or trust indenture pursuant to which such revenue bonds are issued and secured, be repealed, abolished, or reduced so long as such revenue bonds, and any bonds issued to refund such revenue bonds, are outstanding.
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-164-402. Definitions.
As used in this subchapter:
(1) “Bonds” means revenue bonds issued pursuant to this subchapter;
(2) “Capital improvements” means any of the following:
(A) City or town halls, courthouses, and administrative, executive, or other public offices;
(B) Court facilities;
(C) Jails;
(D) Police and sheriff stations, apparatus, and facilities;
(E) Firefighting facilities and apparatus;
(F) Public health facilities and apparatus;
(G) Hospitals, homes, and facilities;
(H) Facilities for nonprofit organizations engaged primarily in:
(i) Any of the following:
(a) Public health;
(b) Health systems support;
(c) Safety; or
(d) Disaster relief; and
(ii) Related activities;
(I) Residential housing for low and moderate income, elderly, or individuals with disabilities and families;
(J) Parking facilities and garages;
(K) Educational and training facilities for public employees;
(L) Auditoriums;
(M) Stadiums and arenas;
(N) Convention, meeting, or entertainment facilities;
(O) Ambulance and other emergency medical service facilities;
(P) Civil defense or early warning facilities and apparatus;
(Q) Air and water pollution control facilities;
(R) Drainage and flood control facilities;
(S) Storm sewers;
(T) Arts and crafts centers;
(U) Museums;
(V) Libraries;
(W) Public parks, playgrounds, or other public open space;
(X) Marinas;
(Y) Swimming pools, tennis courts, golf courses, camping facilities, gymnasiums, and other recreational facilities;
(Z) Tourist information and assistance centers;
(AA) Historical, cultural, natural, or folklore sites;
(BB) Fair and exhibition facilities;
(CC) Streets and street lighting, alleys, sidewalks, roads, bridges, and viaducts;
(DD) Airports, passenger or fr
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-164-402
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 14-164-402. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-200-101. Jurisdiction over utilities — Appeal — Definition.
(a) As used in this section, “public utility” means any electric, gas, sewer, water, or telephone company or utility, and any company or utility providing similar services, except a company excluded from the definition of “public utility” under § 23-1-101(9)(B)(ii), a consolidated utility district under the General Consolidated Public Utility System Improvement District Law, § 14-217-101 et seq., and a water or light commission under § 14-201-101 et seq.
(b)(1) Acting by ordinance or resolution of its council, board of directors, or commission, every city and town shall have jurisdiction to:
(A)(i) Except as provided in § 23-4-201, determine the terms and conditions upon which the public utility may be permitted to occupy the streets, highways, or other public places within the municipality, including without limitation:
(a) The rates, quality, and character of each kind of product or service to be furnished or rendered by a public utility; and
(b) A reasonable franchise fee.
(ii) The ordinance or resolution shall be deemed prima facie reasonable.
(iii) A franchise fee for a public utility, including a telephone company providing services other than basic local exchange service, shall not exceed the higher of the amount in effect on January 1, 1997, or four and twenty-five-hundredths percent (4.25%) of revenue collected by the public utility from its customers in the city or town for rates and fees charged by the public utility, unless agreed to by the affected utility or approved by the voters of the municipality;
(B) Require a telephone company providing basic local exchange service to pay a reasonable franchise fee not to exceed the higher of the amount of the telephone company's franchise
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-200-101
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 14-200-101. This identifies an authority to review, not proof of applicability.