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27-76-407. Joint transportation projects or joint transportation systems between regional mobility authorities.
Arkansas Code — all titles (historical 2020) · legal_authorities
27-76-407. Joint transportation projects or joint transportation systems between regional mobility authorities.
(a) If two (2) or more regional mobility authorities determine that the traffic needs within the boundaries of each regional mobility authority could be most efficiently and economically met by jointly operating two (2) or more transportation projects in the separate regional mobility authorities, then the regional mobility authorities may create one (1) operational and financial enterprise to operate the transportation projects.
(b) If a regional mobility authority determines that a transportation project could most efficiently and economically be acquired or constructed if it were a part of the transportation system and that the addition will benefit the system, the regional mobility authority may:
(1) Create more than one (1) transportation system and may combine two (2) or more transportation systems into one (1) system; or
(2) Finance, acquire, construct, and operate additional transportation projects as additions to or expansions of a transportation system.
(c) The revenue of a transportation system that is merged under this section shall be accounted for separately and shall not be commingled with the revenue of a transportation project that is not a part of the transportation system that was merged under this section or with the revenue of another transportation system.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 27-76-407
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:27-76-407
Source file: gov.ar.code.title.27.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a96b76fbb5392bc519f6cbabe410502fe59e4630c499edce1d84e6ad1b5f3678
Source location: content.xml paragraph 26050
Stored source content
27-76-407. Joint transportation projects or joint transportation systems between regional mobility authorities.
(a) If two (2) or more regional mobility authorities determine that the traffic needs within the boundaries of each regional mobility authority could be most efficiently and economically met by jointly operating two (2) or more transportation projects in the separate regional mobility authorities, then the regional mobility authorities may create one (1) operational and financial enterprise to operate the transportation projects.
(b) If a regional mobility authority determines that a transportation project could most efficiently and economically be acquired or constructed if it were a part of the transportation system and that the addition will benefit the system, the regional mobility authority may:
(1) Create more than one (1) transportation system and may combine two (2) or more transportation systems into one (1) system; or
(2) Finance, acquire, construct, and operate additional transportation projects as additions to or expansions of a transportation system.
(c) The revenue of a transportation system that is merged under this section shall be accounted for separately and shall not be commingled with the revenue of a transportation project that is not a part of the transportation system that was merged under this section or with the revenue of another transportation system.
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