The City of Batesville, Arkansas, with an estimated population of 10,250 is located in Independence County, approximately 95 miles northeast of Little Rock. Some of the City’s major employers the White River Medical Center, PECO Foods, Bad Boy Motors, Future Fuel and the University of Arkansas Community College at Batesville and Lyon College. As the […]
Clay County, Mississippi issued $11 million of Taxable GO Bonds to finance the County’s industrial park complex in West Point, MS known as the Prairie Belt Powersite. This development was undertaken in order for the County to recruit Yokohama Tire Manufacturing, which built a $300 million commercial truck tire manufacturing plant at the site, employing […]
Coahoma County, Mississippi, (the “County”) is located in the northwestern portion of the State of Mississippi, with the City of Clarksdale as the County seat. The County wanted to build a new Justice Complex that would house a sheriff’s office, with accommodations for deputies and detectives, and a justice court that contained a courtroom, two […]
Economic Development, State & Local Government
An Excise Tax District was created by the Ohio County Commission in 2003 to develop business in the County. The District began to materialize in 2004 with the development of a commercial and retail-shopping area known as “The Highlands”. Approximately 325 acres of the development is nearly complete; and the footprint has recently expanded to […]
Four major U.S. tobacco companies and a select group of states and territories signed a Master Settlement Agreement (the “MSA”) on November 23, 1998. The MSA was the result of the largest civil settlement in U.S. history. Under the MSA, the major tobacco companies provided the settling states with $246 billion over a 25-year period. […]
Education, State & Local Government
The state of Arkansas occasionally issues higher education bonds to fund portions of its budget. One such issuance of Higher Education General Obligation Bonds were issued to provide funds to finance technology and facility improvements for state institutions of higher education and to refund certain outstanding bonds. It is prudent of any institution with significant […]
Economic Development, State & Local Government
In order to be competitive in the global market for jobs and investment, Arkansans passed Amendment 82 to the Arkansas Constitution in 2004 authorizing the use of general obligation bonds for major economic development projects approved by the Arkansas General Assembly (the “Assembly”). In 2013, as part of an incentive package to entice Big River […]
State & Local Government, Utility
Northwest Arkansas Conservation Authority is an Arkansas sanitation authority organized in 2002 for disposing of wastewater and sewer for customers in Benton and Washington County, two of the fastest growing counties in the state. The Authority was in need of securing property for a new wastewater treatment plant; however, being a newly formed entity, the […]
Springdale, Arkansas is located in the Northwest part of the state among industry giants such as Wal-Mart, JB Hunt and Tyson Foods as well as the University of Arkansas, the state’s flagship university. Like so many Arkansas communities, Springdale has utilized Sales Tax Revenues to fund capital improvements through the issuance of municipal bonds. With […]
