itts freight in the southeast conference charlotte, north carolina february 9, 2011
TRANSCRIPT
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FREIGHT TRANSPORTATION AUTHORITIESIN ARKANSAS
ITTS Freight in the Southeast ConferenceCharlotte, North Carolina
February 9, 2011
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Arkansas Act 690 of 1997
Allows two or more cities or counties to acquire, equip, construct, maintain and operate Regional Intermodal Freight Transportation Facilities.
Regional Intermodal Facilities Act
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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
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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
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Arkansas Act 690 of 1997
KEY INITIAL STEPS: Establish Committees
Finance / Public Relations / Infrastructure
Select ConsultantsEngineering / Legal Counsel / Accounting
Develop PartnershipsEconomic Development Agencies / Shippers / Industries / Chambers of Commerce
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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
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