Arkansas Code of 1987 (2024)
Title 14 - LOCAL GOVERNMENT (§§ 14-1-101 — 14-387-706)
Subtitle 11 - ECONOMIC DEVELOPMENT IMPROVEMENT DISTRICTS, FACILITIES, AND AUTHORITIES (§§ 14-184-101 — 14-188-122)
Chapter 185 - METROPOLITAN PORT AUTHORITIES (§§ 14-185-101 — 14-185-137)
Section 14-185-110 - Warehouse facilities - Proposals for lease or operation

With regard to warehouse facilities used for commercial warehousing purposes mentioned § 14-185-108(a)(1) -(4), (6), (7), and (9)-(11), § 14-185-108(b), and § 14-185-109(2), (3), (12), and (13), the authority, prior to entering into a new lease of existing warehouse facilities or into a lease of new warehouse facilities, in whole or in part, or prior to operating warehouse facilities for these purposes, in whole or in part, shall first publicly solicit proposals for the leasing or operation of the warehouse facilities for these purposes on such terms as shall be customary and usual in the commercial warehousing industry. The authority shall accept such proposal as is commercially reasonable and in the authority's best interest.

Acts 1961, No. 439, §§ 4, 5; 1983, No. 623, §§ 1, 2; A.S.A. 1947, §§ 21-1504, 21-1505.