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2019 Arkansas Code
Title 26 - Taxation
Subtitle 6 - Local Taxes
Chapter 75 - Municipal Sales and Use Taxes
Subchapter 6 - Advertising and Promotion Commission Act
§ 26-75-607. Authority to Issue Bonds
Universal Citation: AR Code § 26-75-607 (2019)
- Cities of the first class levying the tax and creating the commission as permitted in this subchapter are authorized to:
(1) Acquire sites for, construct, reconstruct, extend, equip, improve, maintain, and operate convention centers and facilities necessary for, supporting, or otherwise pertaining to, convention centers which are collectively referred to in this section as “convention center projects” in such cities; and
(2) Issue bonds to provide funds for accomplishing convention center projects and to pledge all or any part of the revenues from the tax levied by the city pursuant to this subchapter to pay the principal of, interest on, and fees and expenses in connection with the bonds.
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