(a) Each authority created under this subchapter will be performing public functions and will be a public instrumentality of the participating municipal electric utilities.(b) 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.Acts 2003, No. 366, § 1. (a) Each authority created under this subchapter will be performing public functions and will be a public instrumentality of the participating municipal electric utilities.(b) 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.Acts 2003, No. 366, § 1.
Arkansas Legal Code