Arkansas StatutesSubchapter 2 - Public Bodies Corporate and Politicยง 25-20-201 - Creation.ยง 25-20-202 - Board of directors -- Executive director.ยง 25-20-203 - Powers.ยง 25-20-204 - Tax exempt status of property and income.ยง 25-20-205 - Immunity.ยง 25-20-206 - Construction.ยง 25-20-207 - Withdrawal.