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14-169-211. Powers of authority generally.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-169-211. Powers of authority generally.
A housing authority shall constitute a public body corporate and politic, exercising exclusively public and essential governmental functions and having all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this subchapter, including the following powers in addition to others granted in this subchapter:
(1) To sue and be sued;
(2) To have a seal and to alter the same at pleasure;
(3) To have perpetual succession;
(4) To make and execute contracts and other instruments necessary or convenient to the exercise of the powers of the authority; and
(5) To make and from time to time amend and repeal bylaws, rules, and regulations not inconsistent with this subchapter to carry into effect the powers and purposes of the authority;
(6) To invest any funds held in reserves or sinking funds, or any funds not required for immediate disbursement, in property or securities in which savings banks may legally invest funds subject to their control; and
(7) To purchase its bonds at a price not more than the principal amount thereof and accrued interest, all bonds so purchased to be cancelled;
(8) To exercise all or any part or combination of the powers granted in this section and §§ 14-169-212 — 14-169-218 and 14-169-225(b).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-169-211
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:14-169-211
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a0fa0ea7d2e3efe14a8411d052fe3251d4200e77ebb7329d1582a85f229a707e
Source location: content.xml paragraph 39932
Stored source content
14-169-211. Powers of authority generally.
A housing authority shall constitute a public body corporate and politic, exercising exclusively public and essential governmental functions and having all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this subchapter, including the following powers in addition to others granted in this subchapter:
(1) To sue and be sued;
(2) To have a seal and to alter the same at pleasure;
(3) To have perpetual succession;
(4) To make and execute contracts and other instruments necessary or convenient to the exercise of the powers of the authority; and
(5) To make and from time to time amend and repeal bylaws, rules, and regulations not inconsistent with this subchapter to carry into effect the powers and purposes of the authority;
(6) To invest any funds held in reserves or sinking funds, or any funds not required for immediate disbursement, in property or securities in which savings banks may legally invest funds subject to their control; and
(7) To purchase its bonds at a price not more than the principal amount thereof and accrued interest, all bonds so purchased to be cancelled;
(8) To exercise all or any part or combination of the powers granted in this section and §§ 14-169-212 — 14-169-218 and 14-169-225(b).
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-169-212. Investigations, studies, etc.
A housing authority shall have the power, within its area of operation:
(1) To investigate into living, dwelling, and housing conditions and into the means and methods of improving these conditions;
(2) To determine where slum areas exist or where there is a shortage of decent, safe, and sanitary dwelling accommodations for persons of low income;
(3)(A) To make studies and recommendations relating to the problem of clearing, replanning, and reconstructing of slum areas and the problem of providing dwelling accommodations for persons of low income; and
(B) To cooperate with the city, the county, and the state, or any political subdivision therof, in action taken in connection with these problems; and
(4) To engage in research, studies, and experimentation on the subject of housing.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-169-212
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 14-169-212. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-169-218. Financing of project.
A housing authority shall have the power to:
(1) Purchase promissory notes, and the mortgages or trust deeds securing them, issued by any builder or developer engaged in constructing dwelling units to be sold or leased to the authority as part of any housing project;
(2) Make loans to any such builder or developer in order to aid in financing any housing project; and
(3) Issue its bonds for any such purpose.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-169-218
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 14-169-218. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-169-225. Federal aid or cooperation.
(a)(1) In addition to the powers conferred upon a housing authority by other provisions of this subchapter, the authority is empowered to:
(A) Borrow money or accept grants or other financial assistance from the federal government for, or in aid of, any housing project within its area of operation;
(B) Take over or lease or manage any housing project or undertaking constructed or owned by the federal government; and
(C) To these ends, comply with such conditions and enter into such mortgages, trust indentures, leases, or agreements as may be necessary, convenient, or desirable.
(2) It is the purpose and intent of this section to authorize every authority to do any and all things necessary or desirable to secure the financial aid or cooperation of the federal government in the undertaking, construction, maintenance, or operation of any housing project by an authority.
(b) A housing authority shall have the power to procure insurance or guarantees from the federal government of the payment of any debts, or parts thereof, whether or not incurred by the authority, secured by mortgages on any property included in any of its housing projects.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-169-225
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 14-169-225. This identifies an authority to review, not proof of applicability.