Each public body under this subchapter is performing functions as and is a public instrumentality of the participating public agencies, and all properties at any time owned by the public body and the income therefrom shall be exempt from all taxation in the state.
Ark. Code Ann. § 25-20-517
Tax-exempt status of property owned and income
Known as the Interlocal Cooperation Act
The act spans §§ 25-20-101–25-20-524 (85 sections).
Acts 2009, No. 1371, § 1.
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.