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14-219-105. Use of initial payment.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-219-105. Use of initial payment.
The proceeds of any initial cash payment from the sale of any plant or system of any improvement district shall be applied first to the payment of all unsecured debts outstanding against the district on account of the plant or system. The remainder shall be, by the commissioners, placed in the treasury of the city or town wherein such plant or system is located to become a part of the general fund of the city or town.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-219-105
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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Record provenance
Stable record: arkansas_code:legal_authorities:14-219-105
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9966e30b1ed3f42e8de66bdf65c719f8f5337e5251b1d21b283d4717d72c0b08
Source location: content.xml paragraph 47148
Stored source content
14-219-105. Use of initial payment.
The proceeds of any initial cash payment from the sale of any plant or system of any improvement district shall be applied first to the payment of all unsecured debts outstanding against the district on account of the plant or system. The remainder shall be, by the commissioners, placed in the treasury of the city or town wherein such plant or system is located to become a part of the general fund of the city or town.
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