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Current as of March 28, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Arkansas Code Title 26. Taxation § 26-75-607. Convention center projects--Bonds - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-26-taxation/ar-code-sect-26-75-607/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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