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14-362-201. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-362-201. Definitions.
As used in this subchapter:
(1) “Authority” means any authority created under the provisions of § 14-362-103;
(2) “Bond” means a revenue bond;
(3) “Contract for effective interest rates” means any contract to achieve a desirable effective interest rate, including, but not limited to:
(A) An investment contract;
(B) A funding agreement;
(C) An interest rate swap agreement;
(D) A currency swap agreement;
(E) A forward payment conversion agreement;
(F) A futures contract;
(G) A contract providing for payments based on levels of or changes in interest rates;
(H) A contract to exchange cash flows or a series of payments; or
(I) A contract, including options, puts or calls, issued to hedge payment rate, spread, or similar interest rate exposure; and
(4) “Revenue bond” means a revenue bond issued by, or on behalf of, an authority under the Arkansas Constitution and under an act of the General Assembly, including all bonds, notes, certificates, or other instruments or evidences of indebtedness which constitute a revenue bond as defined in Arkansas Constitution, Amendment 65.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-362-201
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:14-362-201
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1c2cbfa8cf2e8aa9ae75fd041f5c774711d995c0aabcbbbdf3909aeea44d11b7
Source location: content.xml paragraph 59041
Stored source content
14-362-201. Definitions.
As used in this subchapter:
(1) “Authority” means any authority created under the provisions of § 14-362-103;
(2) “Bond” means a revenue bond;
(3) “Contract for effective interest rates” means any contract to achieve a desirable effective interest rate, including, but not limited to:
(A) An investment contract;
(B) A funding agreement;
(C) An interest rate swap agreement;
(D) A currency swap agreement;
(E) A forward payment conversion agreement;
(F) A futures contract;
(G) A contract providing for payments based on levels of or changes in interest rates;
(H) A contract to exchange cash flows or a series of payments; or
(I) A contract, including options, puts or calls, issued to hedge payment rate, spread, or similar interest rate exposure; and
(4) “Revenue bond” means a revenue bond issued by, or on behalf of, an authority under the Arkansas Constitution and under an act of the General Assembly, including all bonds, notes, certificates, or other instruments or evidences of indebtedness which constitute a revenue bond as defined in Arkansas Constitution, Amendment 65.
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Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-362-103. Establishment of authorities.
(a)(1) Any two (2) or more municipalities, any two (2) or more contiguous counties, or any one (1) or more municipalities together with any one (1) or more contiguous counties, are authorized to create and establish an authority as prescribed in this chapter for the purpose of acquiring, equipping, constructing, maintaining, and operating regional airports.
(2) No county or municipality shall participate in such authority unless and until its governing body so provides by ordinance and enters into an agreement with the other participating governmental units establishing the terms and conditions for the operation of the authority within the limitations provided in this chapter and such other laws of the State of Arkansas as may be applicable.
(b) The state may join in the creation and establishment of any authority if the regional airport to be acquired, equipped, constructed, maintained, or operated is a major airport facility. The state shall not participate in any authority unless and until the Governor so provides by proclamation and enters into the agreement with the other participating governmental units. The agreement with the other participating governmental units shall be executed by the Governor.
(c) To the extent that it is consistent with this chapter, the agreement shall specify the information provided for in § 25-20-104(c).
(d) The agreement shall be filed with the Secretary of State.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-362-103
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 14-362-103. This identifies an authority to review, not proof of applicability.