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14-169-238. Right to possession, etc.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-169-238. Right to possession, etc.
Nothing contained in § 14-169-236 or § 14-169-237 shall be construed as limiting the power of a housing authority to vest in an obligee the right, in the event of a default by the authority, to take possession of a housing project, or cause the appointment of a receiver of it, or acquire title to it, free from all the restrictions imposed by those statutes.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-169-238
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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Stable record: arkansas_code:legal_authorities:14-169-238
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 5f4253bfd8bb0e0d9ffcdc67e97a465f59fc9eb6d27070251272d5c89fab81d4
Source location: content.xml paragraph 40293
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14-169-238. Right to possession, etc.
Nothing contained in § 14-169-236 or § 14-169-237 shall be construed as limiting the power of a housing authority to vest in an obligee the right, in the event of a default by the authority, to take possession of a housing project, or cause the appointment of a receiver of it, or acquire title to it, free from all the restrictions imposed by those statutes.
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-169-236. Fixing of rental rates.
(a) It is declared to be the policy of this state that each housing authority shall manage and operate its housing projects in an efficient manner so as to enable it to fix the rentals for dwelling accommodations at the lowest possible rates consistent with its providing decent, safe, and sanitary dwelling accommodations and that no housing authority shall construct or operate any project for profit or as a source of revenue to the city or the county.
(b) To this end, an authority shall fix the rentals for dwellings in its projects at no higher rates than it shall find to be necessary in order to produce revenues which, together with all other available moneys, revenues, income, and receipts of the authority from whatever sources derived, will be sufficient to:
(1) Pay, as they become due, the principal and interest on the bonds of the authority;
(2) Meet the cost of, and to provide for, maintaining and operating the projects, including the cost of any insurance, and the administrative expenses of the authority; and
(3) Create, during not less than the six (6) years immediately succeeding its issuance of any bonds, a reserve sufficient to meet the largest principal and interest payments which will be due on the bonds in any one (1) year thereafter, and maintain the reserve.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-169-236
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 14-169-236. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-169-237. Rentals and tenant selection.
In the operation or management of housing projects, a housing authority shall at all times observe the following duties with respect to rentals and tenant selection:
(1) It may rent or lease the dwelling accommodations in them only to persons of low income;
(2) It may rent or lease the dwelling accommodations in them only at rentals within the financial reach of persons of low income;
(3) It may rent or lease to a tenant dwelling accommodations consisting of the number of rooms, but no greater number, which it deems necessary to provide safe and sanitary accommodations to the proposed occupants without overcrowding;
(4)(A) It shall not accept any person as a tenant in any housing project if the persons who would occupy the dwelling accommodations have an annual income in excess of five (5) times the annual rental of the quarters to be furnished the persons. However, in the case of families with three (3) or more minor dependents, the ratio shall not exceed six (6) to one (1).
(B) In computing the rental for the purpose of selecting tenants, there shall be included in the rental the average annual cost to the occupants, as determined by the authority, of heat, water, electricity, gas, cooking range, and other necessary services or facilities, whether or not the charge for those services and facilities is in fact included in the rental.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-169-237
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 14-169-237. This identifies an authority to review, not proof of applicability.