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Ark. Code Ann. § 27-76-403

Authority to contract

Known as the Regional Mobility Authority Act

The act spans §§ 27–27 (54 sections).

Acts 2007, No. 389, § 1; 2011, No. 524, § 2.

(1) A regional mobility authority created under this chapter may enter into agreements or contracts with a governmental entity or a private entity.

(2) The types of agreements or contracts that a regional mobility authority may enter into under this chapter include without limitation: Lease agreements;

(3) Rental agreements;

(4) Operating agreements;

(5) Service agreements;

(6) License agreements;

(7) Promotional agreements;

(8) Purchasing agreements; and

(9) Public-private partnership agreements for transportation projects concerning rail, waterway, or trail.

(10) The scope of agreements or contracts that a regional mobility authority may enter into under this chapter includes without limitation: Rent, lease, or make property available for the benefit of users of a transportation project or a transportation system other than a public utility facility;

(11) Plan, design, construct, operate, or maintain a transportation project on behalf of a governmental entity within the boundaries of the regional mobility authority; and

(12) Acquire with the consent of a governmental entity or private entity a transportation project or transportation system from that entity and assume any debts, obligations, and liabilities of the entity relating to a transportation project or transportation system transferred to the regional mobility authority, provided that a regional mobility authority shall not acquire a transportation project or transportation system from another public or private entity that is completed or for which a construction notice to proceed has been issued to convert the transportation project or transportation system to a toll facility project.

(13) A regional mobility authority shall not sell a toll facility project to a private entity or enter into a lease for a toll facility or a concession agreement related to a toll facility.

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.