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Arkansas Code Title 14. Local Government § 14-303-301. Study and determination

Current as of March 28, 2024 | Updated by FindLaw Staff

No tollway project shall be undertaken unless and until the tollway project involved shall have been thoroughly studied with respect to traffic, engineering, costs, and financing, and unless the authority involved makes, by resolution entered in the records of that authority, a determination based upon the study that:

(1) Sufficient public funds for construction of the proposed tollway are not available; and

(2) The construction of the proposed tollway can be financed wholly through the investment of private funds in revenue bonds.

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Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-303-301. Study and determination - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-303-301/

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