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14-74-103. Authority to use federal finance laws — Bankruptcy.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-74-103. Authority to use federal finance laws — Bankruptcy.
(a) Any and all the taxing agencies or instrumentalities named in § 14-74-102 shall have the right and power to:
(1) Avail themselves of any and all acts of the United States Congress providing for the lending of money to such districts and for the refinancing, refunding, adjustment, or composition of indebtedness of taxing agencies and any amendments or additional laws the United States Congress may adopt in that behalf; and
(2) Proceed in the district courts of the United States in bankruptcy or in any other federal courts given like jurisdiction by voluntary proceedings in accordance with those acts of the United States Congress and any amendments thereto.
(b) This chapter expresses the consent of the state for the institution of bankruptcy proceedings by all such taxing agencies acting through their governing boards, through a receiver under § 14-74-102(4)(F), or through an improvement district under § 14-74-102(4)(F).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-74-103
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. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-74-103
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e58e96ed2ec4ce77878ee1e10b02d32ae460f9bc2112ded679c375c13fe16b39
Source location: content.xml paragraph 20288
Stored source content
14-74-103. Authority to use federal finance laws — Bankruptcy.
(a) Any and all the taxing agencies or instrumentalities named in § 14-74-102 shall have the right and power to:
(1) Avail themselves of any and all acts of the United States Congress providing for the lending of money to such districts and for the refinancing, refunding, adjustment, or composition of indebtedness of taxing agencies and any amendments or additional laws the United States Congress may adopt in that behalf; and
(2) Proceed in the district courts of the United States in bankruptcy or in any other federal courts given like jurisdiction by voluntary proceedings in accordance with those acts of the United States Congress and any amendments thereto.
(b) This chapter expresses the consent of the state for the institution of bankruptcy proceedings by all such taxing agencies acting through their governing boards, through a receiver under § 14-74-102(4)(F), or through an improvement district under § 14-74-102(4)(F).
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-74-102. Enumeration of taxing agencies and instrumentalities.
The taxing agencies and instrumentalities to which this chapter is applicable shall be all those recited in those acts of the United States Congress and that may be recited in any amendment thereof, including the following:
All the taxing agencies or instrumentalities hereinafter named, payable:
(1) Out of assessments or taxes, or both, levied against and constituting liens upon property in any of the taxing agencies or instrumentalities;
(2) Out of property acquired by foreclosure of the assessments or taxes or both;
(3) Out of income derived by the taxing agencies or instrumentalities from the sale of water or power or both, or any combination thereof; or
(4) From any combination of:
(A) Drainage, drainage and levee, levee, reclamation, water, irrigation, or other similar districts, commonly designated as agricultural improvement districts or local improvement districts, organized or created for the purpose of constructing, improving, maintaining, and operating certain improvements or projects devoted chiefly to the improvement of lands therein for agricultural purposes;
(B) Local improvement districts such as sewer, paving, sanitary, or other similar districts, organized or created for the purposes designated by their respective names;
(C) Local improvement districts such as road, highway, or other similar districts, organized or created for the purpose of grading, paving, or otherwise improving public streets, roads, or highways;
(D) Public school districts or public school authorities organized or created for the purpose of constructing, maintaining, and operating public schools or public school facilities;
(E) Local improvement districts such as port, navigation, or other similar
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-74-102
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 14-74-102. This identifies an authority to review, not proof of applicability.