14-89-1202. Authority of street or water improvement districts.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-89-1202. Authority of street or water improvement districts.

14-89-1202. Authority of street or water improvement districts. When any municipal street or water improvement district has fully retired and paid out the bonded indebtedness of the district and there remains a surplus of money derived from the collection of benefit assessments levied against the real property in the district for the purpose of retiring the bonds or funds derived from the sale of unredeemed real property acquired by the district, the surplus funds may be refunded to the property owners of the district pro rata by the board of improvement of the district.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-89-1202

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.