14-285-104. Withdrawal.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-285-104. Withdrawal.

14-285-104. Withdrawal. (a) If a municipal recreation improvement district is composed of two (2) noncontiguous areas, one (1) of which lies outside the boundaries of the municipality, then the separate area which is located outside the boundaries of the municipality may withdraw from the district if no recreational facilities have been installed in the area. (b)(1) The area may withdraw from the district by a petition filed with the municipal clerk. The petition shall be signed by both a majority of the landholders in the area to be removed and the owners of a majority of the land in the area. (2) The area shall be removed from the district and the boundaries of the district revised accordingly, upon the clerk determining the sufficiency of the petition. (c) The landowners in an area that withdraws from a municipal recreation district pursuant to this section shall continue to pay the assessments of the district until all bonds existing at the time the petition is filed are repaid. (d) The landowners in an area that withdraws pursuant to this section shall pay all assessments made prior to the withdrawal from the district.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-285-104

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. A text match is a research starting point; applicability is not established.