14-216-101. Power of improvement districts to finance electric facilities system.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-216-101. Power of improvement districts to finance electric facilities system.

14-216-101. Power of improvement districts to finance electric facilities system. (a) Any improvement district owning and operating any system for the generation, transmission, or distribution of electric power or energy may issue revenue bonds and pledge the revenues derived from the system, whether the revenues are derived from within or beyond the corporate limits of the district, as may be permitted or authorized by applicable law without obtaining the approval of the Arkansas Public Service Commission. (b) Nothing in this section should be construed to authorize any improvement district to issue or sell bonds or use the proceeds thereof to purchase, condemn, or otherwise acquire a utility plant or distribution system or portion thereof owned or operated by a public utility without the consent of the public utility.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-216-101

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.