Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-18-910. Tax treatment

(1) A utility's receipt of a financing order that creates storm recovery property for the benefit of the utility;

(2) The utility's receipt of cash or other valuable consideration in exchange for its transfer of the storm recovery property to an affiliate which is wholly owned, directly or indirectly, by the utility; and

(3) The utility's receipt of cash or other valuable consideration in exchange for storm recovery bonds issued by the financing party.