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Freight Transportation Authorities In Arkansas

Freight Transportation Authorities In Arkansas. ITTS Freight in the Southeast Conference Charlotte, North Carolina February 9, 2011. Arkansas Act 690 of 1997. Regional Intermodal Facilities Act.

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Freight Transportation Authorities In Arkansas

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  1. Freight Transportation AuthoritiesIn Arkansas ITTS Freight in the Southeast Conference Charlotte, North Carolina February 9, 2011

  2. Arkansas Act 690 of 1997 Regional Intermodal Facilities Act Allows two or more cities or counties to acquire, equip, construct, maintain and operate Regional Intermodal Freight Transportation Facilities.

  3. Arkansas Act 690 of 1997 KEY FEATURES: • Operate Foreign Trade Zones or Sub-Zones • Issue Revenue/Industrial Development Bonds • Establish Improvement Districts • Has Eminent Domain Capability • Levy Taxes/Collect Fees on Users • Is Exempt from State, County and City Taxes • Allows Members to Combine Funds for Projects

  4. Arkansas Act 690 of 1997 STEPS TO FORM AN AUTHORITY: • Ordinance to Participate by Each City or County • Agreement to Form Authority by Cities and Counties • Agreement Filed with Secretary of State • Board Appointments/Election of Officers • Adoption of By-Laws

  5. Arkansas Act 690 of 1997 KEY INITIAL STEPS: • Establish CommitteesFinance / Public Relations / Infrastructure • Select ConsultantsEngineering / Legal Counsel / Accounting • Develop PartnershipsEconomic Development Agencies / Shippers / Industries / Chambers of Commerce

  6. Arkansas Act 690 of 1997 AUTHORITY ACTIVITIES: • Planning/Design • Master Site Plans • Environmental Assessments • Market Studies • Financing • Federal/State Grant Applications • Construction Projects • Access Roads • Rail Spurs • Water and Sewer • Buildings

  7. Cliff McKinneyArkansas State Highway and Transportation Department501-569-2115cliff.mckinney@arkansashighways.com

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