(1) "Acquire" means to obtain at any time by gift, purchase, or other arrangement any capital improvement of a public nature, or any portion of a capital improvement of a public nature, whether constructed and equipped before acquisition, partially constructed and equipped before acquisition, or being constructed and equipped at the time of acquisition, for such consideration and pursuant to such terms and conditions as the governing body shall determine;

(2) "Calendar quarter" means the three-month period beginning on January 1, April 1, July 1, or October 1;

(3) "Capital improvements of a public nature" means:

(A) Streets;

(B) Roads;

(C) Public parks;

(D) Port facilities;

(E) Tourism facilities;

(F) Airport facilities;

(G) Sewerage facilities;

(H) Waterworks facilities;

(I) Fire protection facilities;

(J) Convention center facilities;

(K) City halls;

(L) Courthouses;

(M) Police facilities;

(N) Public transit facilities;

(O) Auditoriums;

(P) Prisons;

(Q) Libraries;

(R) Hospital and nursing home facilities;

(S) Solid waste facilities;

(T) Sanitation facilities;

(U) Bridges;

(V) Electric facilities;

(W) Hydroelectric facilities;

(X) Facilities for the securing and developing of industry;

(Y) Natural gas facilities;

(Z) Parking facilities;

(AA) Public housing facilities;

(BB) Pollution control facilities;

(CC) Public education facilities;

(DD) Drainage facilities;

(EE) Pedestrian facilities;

(FF) Lakes;

(GG) Dams;

(HH) Waterways;

(II) Regional mobility authority surface transportation systems; and

(JJ) Research parks;

(4)

(A) "City" means any city of the first class, city of the second class, or incorporated town of the State of Arkansas.

(B)

(i) Any city in this state having a population of three thousand (3,000) or fewer inhabitants according to the most recent federal decennial census, located in a county that borders on the state line of another state, having in the city a designated historic district that is included in the National Registry of Historic Places, and which is certified by the State Parks, Recreation, and Travel Commission as having tourism as the major industry in the city, shall be deemed to be a city within the meaning of the term "city" as the same is provided in this subchapter.

(ii) Any city described in subdivision (4)(B)(i) of this section may levy a local sales, gross receipts, and use tax for the benefit of the city, in accordance with the provisions of this subchapter and in the same manner and procedures as provided in this subchapter;

(5) "Construct" means to build, in whole or in part, in such manner and by such method, including contracting to build and, if contracting, by negotiation or bidding upon such terms and pursuant to such advertising as the governing body determines under the circumstances existing at the time will most effectively serve the purposes of this subchapter;

(6) "Director" means the Director of the Department of Finance and Administration, or any successor of the director, or any authorized agent of the director;

(7) "Equip" means to install or place in or on any building or structure equipment of any and every kind, whether or not affixed, including, without limitation, building service equipment, fixtures, heating equipment, air conditioning equipment, machinery, furniture, furnishings, and personal property of every kind;

(8) "Facilities" means real, personal, or mixed property of any and every kind, including, without limitation, rights-of-way, utilities, materials, equipment, fixtures, machinery, furniture, furnishings, buildings, and other improvements of every kind; and

(9) "Lease" means a lease of a capital improvement of a public nature by and between a city as lessee and another person as lessor, except as used in §§ 26-75-304 and 26-75-313.