It is declared that each public facilities board created pursuant to this chapter will be performing public functions and will be a public instrumentality of the municipality or county creating the board. Accordingly, all properties at any time owned by the board and the income therefrom shall be exempt from all taxation in the State of Arkansas.
Ark. Code Ann. § 14-137-114
Tax exemption of properties
Known as the Public Facilities Boards Act
The act spans §§ 14–14 (23 sections).
Acts 1975, No. 142, § 14; A.S.A. 1947, § 20-1714.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.