Arkansas Statutes
§ 27-76-602 — Authority to issue bonds
Arkansas·Title 27
(a)If a regional mobility authority created under this chapter owns or operates or proposes to own or operate a transportation system and desires to construct improvements, betterments, and extensions thereto, the regional mobility authority may issue revenue bonds pursuant to a bond resolution and under the provisions of this chapter to pay the cost of a transportation project or to pay all or part of the cost of a transportation project that will become part of a transportation system.
(b)If a regional mobility authority pursues the development of a toll facility project, the regional mobility authority may issue revenue bonds pursuant to a bond resolution and under the provisions of this chapter to pay the toll facility project costs with toll facility project revenues.
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Legislative History
Amended by Act 2013, No. 497,§ 6, eff. 8/16/2013. Acts 2007, No. 389, § 1.
Nearby Sections
15
§ 27-1-101
Title§ 27-1-102
Legislative intent§ 27-1-103
Definition§ 27-1-105
Rail service - Powers and duties§ 27-1-107
Rules - Reorganization§ 27-101-1001
Title and purpose§ 27-101-1002
Application, exclusions, and limitations§ 27-101-1003
Registration and titling requirements generally§ 27-101-1004
Application for certificate of title§ 27-101-1005
Lost or damaged certificates§ 27-101-1008
Organization of records