itts freight in the southeast conference charlotte, north carolina february 9, 2011
TRANSCRIPT
FREIGHT TRANSPORTATION AUTHORITIESIN ARKANSAS
ITTS Freight in the Southeast ConferenceCharlotte, North Carolina
February 9, 2011
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
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
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
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
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
