Browse Arkansas Code titles and sections
14-175-111. Powers generally.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-175-111. Powers generally.
(a) The corporation shall have and exercise all of the rights, powers, privileges, authority, and functions given by the general laws of this state to nonprofit corporations incorporated under the Arkansas Nonprofit Corporation Act of 1993, § 4-33-101 et seq.
(b) In addition to the rights, powers, privileges, authority, and functions authorized under subsection (a) of this section, the corporation shall have the following powers with respect to projects, together with all powers incidental to those powers or necessary for the performance of those powers set forth in this subsection:
(1) To receive sales and use taxes levied under § 14-174-101 et seq., from the local government or governments under whose authority the corporation was created;
(2) To acquire, whether by construction, devise, purchase, gift, lease, or otherwise or any one (1) or more of those methods and to construct, improve, maintain, equip, and furnish one (1) or more projects located within the state and within or near the corporate limits of the local government or governments under whose authority the corporation was created;
(3) To lease to a user all or any part of any project for the rentals and upon such terms and conditions as the corporation's board may deem advisable and not in conflict with the provisions of this chapter;
(4) To sell by installment payments or otherwise and convey all or any part of any project to a user for a purchase price and upon such terms and conditions as the corporation's board may deem advisable and not in conflict with the provisions of this chapter;
(5) To donate, exchange, convey, sell, or lease land, improvements, or any other interest in real property or furnishings, fixtures, or equipment or personal property to an in
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-175-111
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:14-175-111
Source file: gov.ar.code.title.14.odt
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Passage SHA-256: 83534ae92b34ec30ee3d22ef5e3dc57d5c790a83fe81ea1b1b10ef6c2b5c8ebc
Source location: content.xml paragraph 42067
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14-175-111. Powers generally.
(a) The corporation shall have and exercise all of the rights, powers, privileges, authority, and functions given by the general laws of this state to nonprofit corporations incorporated under the Arkansas Nonprofit Corporation Act of 1993, § 4-33-101 et seq.
(b) In addition to the rights, powers, privileges, authority, and functions authorized under subsection (a) of this section, the corporation shall have the following powers with respect to projects, together with all powers incidental to those powers or necessary for the performance of those powers set forth in this subsection:
(1) To receive sales and use taxes levied under § 14-174-101 et seq., from the local government or governments under whose authority the corporation was created;
(2) To acquire, whether by construction, devise, purchase, gift, lease, or otherwise or any one (1) or more of those methods and to construct, improve, maintain, equip, and furnish one (1) or more projects located within the state and within or near the corporate limits of the local government or governments under whose authority the corporation was created;
(3) To lease to a user all or any part of any project for the rentals and upon such terms and conditions as the corporation's board may deem advisable and not in conflict with the provisions of this chapter;
(4) To sell by installment payments or otherwise and convey all or any part of any project to a user for a purchase price and upon such terms and conditions as the corporation's board may deem advisable and not in conflict with the provisions of this chapter;
(5) To donate, exchange, convey, sell, or lease land, improvements, or any other interest in real property or furnishings, fixtures, or equipment or personal property to an institution of higher education for a legal purpose of the institution upon such terms and conditions as the board may deem advisable and that are not in conflict with the provisions of this chapter;
(6) To make loans to a user for the purpose of providing temporary or permanent financing or refinancing of all or part of the cost of any project, including the refunding of any outstanding obligations, mortgages, or advances issued, made, or given by any person for the cost of a project, and charge and collect interest on the loans for the loan payments and upon such terms and conditions as its board may deem advisable and not in conflict with the provisions of this chapter;
(7) To contract with private enterprises to carry out industrial development programs or objectives or to carry out or assist with the development or operation of an economic development project or economic development services, as defined under § 14-174-105, or objectives consistent with the purposes and duties of the corporation, upon the terms and conditions the board of the corporation deems advisable and not in conflict with this chapter;
(8) To appoint, employ, and compensate such employees, agents, architects, planners, engineers, accountants, attorneys, and other persons as the activities of the corporation may require;
(9)(A) To invest any of the corporation's funds that the board may determine are not presently needed for its corporate purposes in obligations that are direct or guaranteed obligations of the United States, other securities in which public funds may be invested under the laws of this state, or securities of or other interests in open-end investment companies or investment trusts registered under the Investment Company Act of 1940, 15 U.S.C. § 80a-1 et seq.
(B) However, the portfolio of any investment company or investment trust is limited solely to securities in which public funds may be invested under the laws of this state;
(10) Contract with enterprises to impose such terms and conditions on the receipt of benefits provided by a corporation as the corporation's board may deem advisable and not in conflict with the provisions of this chapter; and
(11)(A) To exercise all powers necessary or appropriate to effect the purposes for which the corporation is organized.
(B) However, the powers are subject to the control of the local government or governments under whose authority the corporation was created.
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Federal law — U.S. Code and appendices · legal_authorities
Page 504
TITLE 15—COMMERCE AND TRADE
§ 80a–1
1 See References in Text note below.
regulations approved and made effective prior to such
date, see section 1274 of Pub. L. 109–58, set out as an Ef-
fective Date note under section 16451 of Title 42, The
Public Health and Welfare.
CHAPTER 2D—INVESTMENT COMPANIES
AND ADVISERS
SUBCHAPTER I—INVESTMENT COMPANIES
Sec.
80a–1.
Findings and declaration of policy.
80a–2.
Definitions; applicability; rulemaking consid-
erations.
80a–3.
Definition of investment company.
80a–3a.
Protection of philanthropy under State law.
80a–4.
Classification of investment companies.
80a–5.
Subclassification of management companies.
80a–6.
Exemptions.
80a–7.
Transactions
by
unregistered
investment
companies.
80a–8.
Registration of investment companies.
80a–9.
Ineligibility of certain affiliated persons and
underwriters.
80a–10.
Affiliations or interest of directors, officers,
and employees.
80a–11.
Offers to exchange securities.
80a–12.
Functions and activities of investment com-
panies.
80a–13.
Changes in investment policy.
80a–14.
Size of investment companies.
80a–15.
Contracts of advisers and underwriters.
80a–16.
Board of directors.
80a–17.
Transactions of certain affiliated persons and
underwriters.
80a–18.
Capital structure of investment companies.
80a–19.
Payments or distributions.
80a–20.
Proxies; voting trusts; circular ownership.
80a–21.
Loans by management companies.
80a–22.
Distribution, redemption, and repurchase of
securities; regulations by securities asso-
ciations.
80a–23.
Closed-end companies.
80a–24.
Registration of securities under Securities
Act of 1933.
80a–25.
Reorganization plans; reports by Commission.
80a–26.
Unit investment trusts.
80a–27.
Periodic payment
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 80a-1
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 80a-1. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-174-101. Purpose.
The purpose of this subchapter is to provide cities and counties with the authority to levy taxes to raise revenue for funding economic development projects to stimulate the local economy and to support private sector job creation opportunities. No funds generated by any tax levied pursuant to this subchapter shall be used as general operating revenue, but shall be expended for the purposes prescribed by §§ 14-174-105 — 14-174-107 or § 14-174-109.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-174-101
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 14-174-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-174-105. Disposition of funds — Definitions.
(a) As used in this section:
(1) “Economic development project” means the land, buildings, furnishings, equipment, facilities, infrastructure, and improvements that are required or suitable for the development, retention, or expansion of:
(A) Manufacturing, production, and industrial facilities;
(B) Research, technology, and development facilities;
(C) Recycling facilities;
(D) Distribution centers;
(E) Call centers;
(F) Warehouse facilities;
(G) Job training facilities;
(H) Regional or national corporate headquarters facilities; and
(I) Sports complexes designed to host local, state, regional, and national competitions, including without limitation baseball, softball, and other sports tournaments;
(2) “Economic development service” means:
(A) Planning, marketing, and strategic advice and counsel regarding job recruitment, job development, job retention, and job expansion;
(B) Supervision and operation of industrial parks or other such properties; and
(C) Negotiation of contracts for the sale or lease of industrial parks or other such properties; and
(3) “Infrastructure” means:
(A) Land acquisition;
(B) Site preparation;
(C) Road and highway improvements;
(D) Rail spur, railroad, and railport construction;
(E) Water service;
(F) Wastewater treatment;
(G) Employee training, which may include equipment for such purpose; and
(H) Environmental mitigation or reclamation.
(b) The taxes levied under this subchapter may be utilized:
(1) For construction, reconstruction, demolition, site development, contracts, and related costs associated with the creation, expansion, and rehabilitation of water or sewer systems, streets and roads, bridges, drainage, and other vital public facili
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-174-105
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 14-174-105. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-33-101. Short title.
This chapter shall be known and may be cited as the “Arkansas Nonprofit Corporation Act of 1993”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-33-101
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 4-33-101. This identifies an authority to review, not proof of applicability.