Tax-exempt status of property owners and income
Known as the Interlocal Cooperation Act
The act spans §§ 25–25 (85 sections).
Acts 2003, No. 366, § 1.
(1) Each authority created under this subchapter will be performing public functions and will be a public instrumentality of the participating municipal electric utilities.
(2) Accordingly, all properties at any time owned by the authority and the income from the properties, shall be exempt from all taxation in the State of Arkansas.
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.