14-207-105. Valuation data.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-207-105. Valuation data. The public utility shall provide to the municipality all data and information required to establish valuations under this subchapter, provided, however, that the municipality shall, at the time of the transfer under § 14-207-104, reimburse the public utility for reasonable costs of appraisal, engineering, and incidental expenses associated with establishing valuation.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-207-105

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Arkansas Code — all titles (historical 2020) · legal_authorities

14-207-104. Procedures and valuation formula.

14-207-104. Procedures and valuation formula. (a) In the event that an agreement pursuant to § 14-207-103(a) or (b) cannot be reached within such six-month period, the municipality shall pay to the electric public utility an amount equal to the following: (1) The present-day reproduction cost, new, of the properties and facilities being acquired, less depreciation computed on a straight-line basis; plus (2) The book value, net of depreciation, of all properties and facilities not being acquired or portions thereof, which were constructed or purchased in good faith by the electric public utility in order to serve customers in the annexed area, less the book value, net of depreciation, of the properties and facilities, to the extent that at the time that title to the properties or facilities being taken pursuant to this act is transferred, the properties and facilities not being acquired: (A) Are required for serving customers of the electric public utility not in the annexed area; and (B) May be reasonably expected to serve customers not in the annexed area within eight (8) years following the acquisition; plus (3) An amount equal to the cost of constructing any necessary facilities to reintegrate the system of the electric public utility outside the annexed area after detaching the portion to be sold; plus (4) In the event that the electric public utility system does not provide wholesale power service to the municipality acquiring its properties, facilities, and customers under this subchapter, then, in addition to the amounts required by subdivisions (a)(1) and (3) of this section, the municipality shall pay the electric public utility either: (A) Three hundred fifty-five percent (355%) of gross revenues less gross receipts taxes received by the electr

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-207-104

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 14-207-104. This identifies an authority to review, not proof of applicability.