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27-65-115. Use of federal aid funds for turnpike projects.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-65-115. Use of federal aid funds for turnpike projects.
Notwithstanding any provision of law to the contrary, the State Highway Commission is hereby authorized, in its discretion, to use any federal-aid highway funds apportioned or allocated to the State of Arkansas by the United States Secretary of Transportation or the Federal Highway Administration, which funds are authorized or may be authorized in the future by the United States Congress to be utilized in assisting in the construction of or for the purposes of assisting in the paying of the debt service on revenue bonds issued for the construction of any turnpike project or projects in this state, which project or projects may be undertaken by the commission under § 27-90-201 et seq.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-65-115
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:27-65-115
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 50de1addda1787c5ab83c4be3d8cf57e146784bf8a9df3fdfdc0deae62cdd19b
Source location: content.xml paragraph 21596
Stored source content
27-65-115. Use of federal aid funds for turnpike projects.
Notwithstanding any provision of law to the contrary, the State Highway Commission is hereby authorized, in its discretion, to use any federal-aid highway funds apportioned or allocated to the State of Arkansas by the United States Secretary of Transportation or the Federal Highway Administration, which funds are authorized or may be authorized in the future by the United States Congress to be utilized in assisting in the construction of or for the purposes of assisting in the paying of the debt service on revenue bonds issued for the construction of any turnpike project or projects in this state, which project or projects may be undertaken by the commission under § 27-90-201 et seq.
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Arkansas Code — all titles (historical 2020) · legal_authorities
27-90-201. Definitions.
As used in this subchapter, unless the context otherwise requires:
(1) “Bonds”, “turnpike revenue bonds”, or “revenue bonds” means revenue bonds or notes of the State Highway Commission authorized under and issued under this subchapter;
(2) “Commission” means the State Highway Commission;
(3)(A) “Costs” or “project costs” means all direct and indirect costs incurred in connection with the acquisition of rights-of-way for and constructing and equipping turnpike projects, including, without limitation:
(i) The cost of the acquisition of all lands, rights-of-way, property, rights, easements, and interests acquired by the commission;
(ii) The cost of demolishing or removing buildings or structures on the land so acquired;
(iii) The cost of acquiring any lands to which those buildings or structures may be moved;
(iv) The cost of all machinery and equipment;
(v) Financing charges, interest prior to and during construction and for a period after construction;
(vi) The establishment of necessary funds and reserves;
(vii) The cost of traffic estimates, engineering fees, legal fees, plans, specifications, surveys, and estimates of cost and revenues;
(viii) Any other expenses or expenditures necessary or incidental to determining the feasibility or practicability of a turnpike project, administration expense; and
(ix) Any other expense, cost, or expenditure necessary or incidental to the construction of a turnpike project, the finance of the construction, and the placement of the turnpike project into operation.
(B) Any obligation, expense, or expenditure incurred or made by the commission or any other state agency or department for matters pertaining to a turnpike project, including, without limitation, feasibility studies, traff
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-90-201
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. The source passage cites 27-90-201. This identifies an authority to review, not proof of applicability.