{"data":{"id":"us-ar/ark.-code-ann.-27-76-403","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 27-76-403","heading":"Authority to contract","body":"(a) A regional mobility authority created under this chapter may enter into agreements or contracts with a governmental entity or a private entity. (b) The types of agreements or contracts that a regional mobility authority may enter into under this chapter include without limitation: (1) Lease agreements; (2) Rental agreements; (3) Operating agreements; (4) Service agreements; (5) License agreements; (6) Promotional agreements; (7) Purchasing agreements; and (8) Public-private partnership agreements for transportation projects concerning rail, waterway, or trail. (c) The scope of agreements or contracts that a regional mobility authority may enter into under this chapter includes without limitation: (1) 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; (2) Plan, design, construct, operate, or maintain a transportation project on behalf of a governmental entity within the boundaries of the regional mobility authority; and (3) 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. (d) 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. Acts 2007, No. 389, § 1; 2011, No. 524, § 2.\n\n(a) A regional mobility authority created under this chapter may enter into agreements or contracts with a governmental entity or a private entity.\n\n(b) The types of agreements or contracts that a regional mobility authority may enter into under this chapter include without limitation: (1) Lease agreements; (2) Rental agreements; (3) Operating agreements; (4) Service agreements; (5) License agreements; (6) Promotional agreements; (7) Purchasing agreements; and (8) Public-private partnership agreements for transportation projects concerning rail, waterway, or trail.\n\n(1) Lease agreements;\n\n(2) Rental agreements;\n\n(3) Operating agreements;\n\n(4) Service agreements;\n\n(5) License agreements;\n\n(6) Promotional agreements;\n\n(7) Purchasing agreements; and\n\n(8) Public-private partnership agreements for transportation projects concerning rail, waterway, or trail.\n\n(c) The scope of agreements or contracts that a regional mobility authority may enter into under this chapter includes without limitation: (1) 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; (2) Plan, design, construct, operate, or maintain a transportation project on behalf of a governmental entity within the boundaries of the regional mobility authority; and (3) 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.\nroject 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.\n\n(1) 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;\n\n(2) Plan, design, construct, operate, or maintain a transportation project on behalf of a governmental entity within the boundaries of the regional mobility authority; and\n\n(3) 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.\n\n(d) 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.","path":["AR Code","Title 27","Chapter 76","Subchapter 4"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"6f2f97d341dbab13e7a2877f92f0f3675ef91d735a3f321fa63566f94bc3aa8b","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-27-76-402","next":"us-ar/ark.-code-ann.-27-76-404"},"notice":"GroundRules: Original legal text. Not legal advice."}