Each project by a water authority and all income from each project is determined and declared by the General Assembly to be public property used exclusively for a public purpose and shall be exempt from ad valorem taxation by all taxing authorities.
Ark. Code Ann. § 4-35-108
Tax exemption of projects
Known as the Water Authority Act
The act spans §§ 4–4 (27 sections).
Acts 2003, No. 1330, § 3.
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.