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14-88-402. Unlawful actions by subordinate officers — Penalty.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-88-402. Unlawful actions by subordinate officers — Penalty.
(a) It shall be unlawful for the collector or treasurer of a municipal improvement district, or for any other subordinate officer appointed by the board of improvement, to loan or use, or to be interested in the loan or use of, any funds raised by the 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) · 14-88-402
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:14-88-402
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 65d802cf188e49a132f1bb52556eb7f4433866c49f980511e4b0eee87007f3cb
Source location: content.xml paragraph 22480
Stored source content
14-88-402. Unlawful actions by subordinate officers — Penalty.
(a) It shall be unlawful for the collector or treasurer of a municipal improvement district, or for any other subordinate officer appointed by the board of improvement, to loan or use, or to be interested in the loan or use of, any funds raised by the 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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