Statutes > Arkansas Statutes > Title 27 - Transportation > Subtitle 5 - Highways, Roads, And Streets > Chapter 64 - General Provisions > Subchapter 3 - Arkansas Interstate Highway Financing Act of 2005 > § 27-64-313 - Tax exemption.

§ 27-64-313 - Tax exemption.

27-64-313. Tax exemption.

(a) All State of Arkansas Federal Highway Grant Anticipation and Tax Revenue Bonds issued under this subchapter and interest on the bonds shall be exempt from all taxes of the State of Arkansas, including income, inheritance, and property taxes.

(b) The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment of municipal, county, bank, fiduciary, insurance company, and trust funds.