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14-86-2203. Subsequent indebtedness.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-86-2203. Subsequent indebtedness.
(a)(1) After the initial creation, bonding, and indebtedness of a district, but before subsequent bonds, notes, or indebtedness is incurred under the authority of this subchapter, a majority of the owners of record in the district, including no less than a majority of the total number of real property owners in the area affected if the majority of owners owns more than half of the acreage affected, shall be required to authorize the issuance of bonds or the incurring of notes or indebtedness by a vote called by the governing body of the district for that purpose.
(2) Subdivision (a)(1) of this section does not apply to:
(A) The Interstate Watershed Cooperation Act, § 14-115-101 et seq.;
(B) The Arkansas Irrigation, Drainage, and Watershed Improvement District Act of 1949, § 14-117-101 et seq.;
(C) Section 14-118-101 et seq.;
(D) Section 14-120-101 et seq.;
(E) Section 14-121-101 et seq.;
(F) Section 14-122-101 et seq.;
(G) Section 14-123-201 et seq.;
(H) Section 14-124-101 et seq.; or
(I) A district seeking an increase in fees, taxes, or assessments without the issuance of bonds, liens, or other indebtedness.
(b) The governing body shall not require a vote if:
(1) The indebtedness is necessary to fulfill directives of a regulatory governmental agency;
(2) The district has one thousand (1,000) or more owners of record;
(3) The bonds, notes, or indebtedness does not include the assessed property as specific collateral for the bonds, notes, or indebtedness; or
(4) The indebtedness is incurred for the refunding of outstanding bonds, notes, or indebtedness of the district for the purpose of reducing debt service and creating economic savings.
(c) Before incurring the indebtedness, the secretary or other a
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-86-2203
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:14-86-2203
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 72d36b68a80bf67bd7cbf5316ab9f8f091f6468510864f2e9cdab7d03ac48acd
Source location: content.xml paragraph 21791
Stored source content
14-86-2203. Subsequent indebtedness.
(a)(1) After the initial creation, bonding, and indebtedness of a district, but before subsequent bonds, notes, or indebtedness is incurred under the authority of this subchapter, a majority of the owners of record in the district, including no less than a majority of the total number of real property owners in the area affected if the majority of owners owns more than half of the acreage affected, shall be required to authorize the issuance of bonds or the incurring of notes or indebtedness by a vote called by the governing body of the district for that purpose.
(2) Subdivision (a)(1) of this section does not apply to:
(A) The Interstate Watershed Cooperation Act, § 14-115-101 et seq.;
(B) The Arkansas Irrigation, Drainage, and Watershed Improvement District Act of 1949, § 14-117-101 et seq.;
(C) Section 14-118-101 et seq.;
(D) Section 14-120-101 et seq.;
(E) Section 14-121-101 et seq.;
(F) Section 14-122-101 et seq.;
(G) Section 14-123-201 et seq.;
(H) Section 14-124-101 et seq.; or
(I) A district seeking an increase in fees, taxes, or assessments without the issuance of bonds, liens, or other indebtedness.
(b) The governing body shall not require a vote if:
(1) The indebtedness is necessary to fulfill directives of a regulatory governmental agency;
(2) The district has one thousand (1,000) or more owners of record;
(3) The bonds, notes, or indebtedness does not include the assessed property as specific collateral for the bonds, notes, or indebtedness; or
(4) The indebtedness is incurred for the refunding of outstanding bonds, notes, or indebtedness of the district for the purpose of reducing debt service and creating economic savings.
(c) Before incurring the indebtedness, the secretary or other administrative officer of the governing body shall:
(1) Give notice of the required action and improvement by publication one (1) time per week for two (2) weeks in a newspaper published and having a general circulation in the county; and
(2) Transmit a copy of the notice by certified mail to each owner of real property within the boundaries of the district.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-115-101. Title.
This chapter may be known as the “Interstate Watershed Cooperation Act.”
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-115-101
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. The source passage cites 14-115-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-117-101. Title.
This chapter shall be known as the “Arkansas Irrigation, Drainage, and Watershed Improvement District Act of 1949.”
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-117-101
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. The source passage cites 14-117-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-118-101. Construction.
This subchapter shall be liberally construed to effectuate its purpose.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-118-101
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. The source passage cites 14-118-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-120-101. Date of annual board meeting.
The board of directors of any levee or drainage district created by special act of the General Assembly and for which a date for the regular annual meeting of the board of directors is fixed by special act, may change the date of the regular annual meeting by resolution adopted by a majority vote of the membership of the board of directors.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-120-101
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. The source passage cites 14-120-101. This identifies an authority to review, not proof of applicability.