27-76-401. Powers generally.

27-76-401. Powers generally. The board of directors of a regional mobility authority created under this chapter may: (1) Make and adopt all necessary bylaws for its organization and operation; (2) Elect officers and employ personnel necessary for its operation; (3) Build, operate, maintain, expand, fund, or own a transportation project or a transportation system; (4) Apply for, receive, and spend grants for any purpose under this chapter; (5) Enter into contracts as provided in § 27-76-403; (6) Enter into any agreement with any road or street improvement district established under § 14-316-101 et seq., § 14-317-101 et seq., and § 14-322-101 et seq.; (7) Enter into any agreement with the State Highway Commission and the Arkansas Department of Transportation; (8) Acquire lands and hold title to the lands acquired in its own name; (9) Acquire, own, use, and dispose of property in the exercise of its powers and the performance of its duties under this chapter; (10) Acquire any property necessary to carry out the purposes of this chapter by exercising the power of eminent domain as provided under § 27-76-501 et seq.; (11) Enter into agreements or contracts as provided under this chapter; (12) Construct or change grade separations as provided under § 27-76-404; (13) Fund feasibility studies as provided under §§ 27-76-405 and 27-76-406; (14) Enter into agreements for joint transportation projects or transportation systems between regional mobility authorities as provided under § 27-76-407; (15) Transfer a transportation project or transportation system as provided under § 27-76-408; (16) Develop and utilize financing options as provided under § 27-76-601 et seq.; (17) Issue revenue bonds and provide for the financing of revenue bonds as provided under § 27-76-601 et seq.; (18) Impose and collect tolls for a toll facility project owned or operated by the regional mobility authority subject to voter approval as provided under § 27-76-701(d); (19) Impose and collect charges or rates for the use of a transportation system or transportation project that is owned or operated by the regional mobility authority, other than a toll facility project, specifically to set: (A) Passenger charges for public transit system users; (B) Parking fees for users of parking decks or other parking facilities; (C) Ferry fees for the use of ferries; (D) Passenger and freight fees for the use of railroads; (E) Freight and user fees for the use of intermodal and port facilities; (F) Access fees and charges for the use of traveler information systems; or (G) Other fees and charges that are usually and customarily charged of users of a transportation system or a transportation project; (20) Index the cost for construction materials to the cost set by the market; (21) Request and receive from time to time from counties or cities within the boundaries of the regional mobility authority funds to finance and support the regional mobility authority, including county or city turnback funds as set forth in §§ 27-70-206 and 27-70-207; (22) Promote the use of a transportation project through advertising or marketing as it determines to be appropriate, including the promotion of a transportation project operated by a regional mobility authority on behalf of another entity; (23) Receive property or funds by gift or donation for the finance and support of the regional mobility authority; and (24) Do all things necessary or appropriate to carry out the powers expressly granted or duties expressly imposed under this chapter.