§ 22-3-1403 - Definitions. - Arkansas Statutes

22-3-1403. Definitions.

As used in this subchapter:

(1) "Agency" or "state agency" means any agency, board, office, commission, department, division, or institution of the State of Arkansas;

(2) "Arkansas Building Authority" means the public agency known as Arkansas Building Authority and the Arkansas Building Authority Council, as established under 22-2-101 et seq.;

(3) "Authority" means the Arkansas Development Finance Authority created pursuant to 15-5-101 et seq.;

(4) "Bonds" or "revenue bonds" means any bonds, notes, debentures, interim certificates, grant and revenue anticipation notes, interest in a lease, lease certificates of participation, or evidences of indebtedness, whether or not the interest on them is subject to federal income taxation; and

(5) "Construct" means to acquire, construct, reconstruct, remodel, install, and equip any lands, buildings, structures, improvements, or other property, real, personal, or mixed, useful in connection therewith and to make other necessary expenditures in connection therewith by such methods and in such manner as Arkansas Building Authority shall determine to be necessary or desirable to accomplish the powers, purposes, and authority set forth in this subchapter.