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22-3-1203. Definitions.

Arkansas Code — all titles (historical 2020) · legal_authorities

22-3-1203. Definitions.

22-3-1203. Definitions. As used in this subchapter: (1) “Agency” or “state agency” means any agency, board, officer, commission, department, division, or institution of the State of Arkansas; (2)(A) “Building” or “buildings” means any and all buildings and related facilities constructed or acquired and equipped for the housing of inmates committed to, or in the custody of, the Division of Correction; any and all buildings and related facilities constructed, acquired, or equipped for the purpose of expanding the prison agriculture and industry programs within the Division of Correction; and any and all buildings constructed, acquired, or equipped for any state-supported institution of higher education, the construction, acquisition, or equipping of which are authorized by this subchapter. (B) The term “building” or “buildings” means a single building or complex of buildings or an expansion of an existing building or complex of buildings as may be determined best to serve the needs of the Division of Correction or state-supported institutions of higher education and shall refer to and include such related structures, fixtures, and facilities as may be determined to be appropriate; (3) “Certificates of indebtedness” means certificates of indebtedness authorized by and issued pursuant to the provisions of this subchapter; (4)(A) “Construct” or “construction” means to acquire, construct, reconstruct, remodel, expand, install, or equip all lands, buildings, structures, improvements, or other property, either real, personal, or mixed, which is useful in connection with the building, and to make other necessary expenditures in connection therewith by such methods and in such manner as the Building Authority Division shall determine to be necessary or desirable to acc

Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-3-1203

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:22-3-1203
Source file: gov.ar.code.title.22.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 16610641509d4ce180d714a3f02222b753f30c57386c3abf5f72687bff094f61

Source location: content.xml paragraph 2169

Stored source content

22-3-1203. Definitions. As used in this subchapter: (1) “Agency” or “state agency” means any agency, board, officer, commission, department, division, or institution of the State of Arkansas; (2)(A) “Building” or “buildings” means any and all buildings and related facilities constructed or acquired and equipped for the housing of inmates committed to, or in the custody of, the Division of Correction; any and all buildings and related facilities constructed, acquired, or equipped for the purpose of expanding the prison agriculture and industry programs within the Division of Correction; and any and all buildings constructed, acquired, or equipped for any state-supported institution of higher education, the construction, acquisition, or equipping of which are authorized by this subchapter. (B) The term “building” or “buildings” means a single building or complex of buildings or an expansion of an existing building or complex of buildings as may be determined best to serve the needs of the Division of Correction or state-supported institutions of higher education and shall refer to and include such related structures, fixtures, and facilities as may be determined to be appropriate; (3) “Certificates of indebtedness” means certificates of indebtedness authorized by and issued pursuant to the provisions of this subchapter; (4)(A) “Construct” or “construction” means to acquire, construct, reconstruct, remodel, expand, install, or equip all lands, buildings, structures, improvements, or other property, either real, personal, or mixed, which is useful in connection with the building, and to make other necessary expenditures in connection therewith by such methods and in such manner as the Building Authority Division shall determine to be necessary or desirable to accomplish the powers, purposes, and authorities set forth in this subchapter. (B) The term “construct” or “construction” shall be construed as including purchasing instructional equipment and major maintenance projects; (5) [Repealed.] (6) “Equip” means to install or place on or in any building or structure, or in connection with the use and operation of any building or structure, equipment of any and every kind, whether or not affixed, including, without limiting the generality of the foregoing, equipment used or employed in connection with the prison agriculture and industry programs; instructional equipment, materials, and books for use by any state-supported institution of higher education; and any and all library and reference books and materials; (7) “1977 Bonds” means the Arkansas State Building Services Department of Public Safety Revenue Bonds dated September 1, 1977, authorized by and issued under Acts 1977, No. 490; (8) “1979 Bonds” means the Arkansas State Building Services Department of Public Safety Revenue Bonds dated September 1, 1979, authorized by and issued under Acts 1977, No. 490; (9) “Pledged revenues” means all nontax revenues authorized by § 22-3-1210 to be pledged for the security and payment of the certificates of indebtedness; and (10) “Surplus moneys” means pledged revenues plus any assets in the Public Facilities Debt Service Fund in amounts over and above that required for debt service when it comes due.

Cross-references

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Arkansas Code — all titles (historical 2020) · legal_authorities

22-3-1210. Certificates of indebtedness — Public Facilities Debt Service Fund.

22-3-1210. Certificates of indebtedness — Public Facilities Debt Service Fund. (a) The principal of and interest on the certificates of indebtedness issued under this subchapter shall be secured, except as stated in subdivision (c)(1) of this section, by a lien on and pledge of: (1) All revenue derived from payments by the Arkansas Development Finance Authority pursuant to § 22-3-1225(b) which is a portion of the funds received by the Arkansas Development Finance Authority from the sale of certificates for the inspection of motor vehicles; (2) All moneys from the sale of or disposition of farm products, livestock, or other products produced in connection with the agriculture and livestock activities at any institution under the control of the Board of Corrections or any successor entity, excluding those moneys that may be accountable from, or the value of, products consumed within the Division of Correction and from rental of farm properties under the control of the board or any successor entity; (3) All moneys from the sale or disposition of articles and products manufactured or produced by prison labor through the operations of the prison industry program, excluding those moneys that may be accountable from, or the value of, articles and products used or consumed within the Division of Correction; and (4) Fifty percent (50%) of the gross revenue, if any, derived from the leasing or renting to tenants, other than state agencies, of space in any new facility constructed or acquired with proceeds of any certificates issued under this subchapter. (b) The pledging of the revenues enumerated in subsection (a) of this section, which are, collectively, the pledged revenues, is authorized. All pledged revenues are specifically declared to be nontax revenues restric

Source: Arkansas Code — historical release 78 (November 6, 2020) · 22-3-1210

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 22-3-1210. This identifies an authority to review, not proof of applicability.