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14-88-309. Interest in contracts unlawful — Penalty.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-88-309. Interest in contracts unlawful — Penalty.
(a) It shall be unlawful for any board of improvement, or any member thereof, in any city or town in this state to be interested, either directly or indirectly, in any contract made by the board for, or on behalf of, any improvement district.
(b) Any person violating the provisions of this section commits a felony and shall be:
(1) Fined in any sum not less than five hundred dollars ($500) nor more than five thousand dollars ($5,000); and
(2) Imprisoned in the state penitentiary not less than one (1) year nor more than ten (10) years.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-88-309
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:14-88-309
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: dc4152a8bc83b81f066c9dc6f04f6e74cb5a0df3cdf780e963f9ee27ab2b7352
Source location: content.xml paragraph 22402
Stored source content
14-88-309. Interest in contracts unlawful — Penalty.
(a) It shall be unlawful for any board of improvement, or any member thereof, in any city or town in this state to be interested, either directly or indirectly, in any contract made by the board for, or on behalf of, any improvement district.
(b) Any person violating the provisions of this section commits a felony and shall be:
(1) Fined in any sum not less than five hundred dollars ($500) nor more than five thousand dollars ($5,000); and
(2) Imprisoned in the state penitentiary not less than one (1) year nor more than ten (10) years.
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