2010 Arkansas Code
Title 14 - Local Government
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 188 - Rural Development Authorities
§ 14-188-121 - Federal aid and assistance.

14-188-121. Federal aid and assistance.

(a) In addition to the powers conferred upon a rural development authority by other provisions of this chapter, an authority is empowered to borrow money or accept grants or other financial assistance from the federal government for, or in aid of, any development project within its area of operation. To these ends, an authority may comply with such conditions and enter into such mortgages, trust indentures, leases, or agreements as may be necessary, convenient, or desirable.

(b) It is the purpose and intent of this section to authorize every authority to do any and all things necessary or desirable to secure the financial aid or cooperation of the federal government in the undertaking, construction, maintenance, or operation of any development project and in any other activity or undertaking of the authority.