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Regional Mobility Authority Act

Arkansas · Transportation · §§ 27-76-101 to 27-76-713 · 54 sections

Overview

The Regional Mobility Authority Act allows counties, and in some cases municipalities, to form independent public authorities empowered to plan, finance, build, operate, and maintain toll roads, ferries, and other transportation projects and systems within their region. It grants these authorities the power to issue revenue bonds secured by project income rather than state or county credit, to acquire property by purchase or condemnation, to relocate public utility facilities, and to set and collect tolls and other revenue. The act also governs how projects are transferred between an authority and the state transportation agency, how feasibility studies are funded and conducted, exempts authority property and bonds from taxation, and directs surplus revenue back into authority funds or further transportation work.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

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Enacted in other states

Texas

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