14-89-1501. Quarterly financial reports.

Arkansas Code — all titles (historical 2020) · legal_authorities

14-89-1501. Quarterly financial reports.

14-89-1501. Quarterly financial reports. (a)(1) All improvement districts in any city or incorporated town in this state established for the purpose of making improvements for municipal purposes shall meet at least four (4) times per year or quarterly. (2) Notice of each meeting, including without limitation each quarterly meeting under this section, shall be given by the improvement district to all record owners of property in the district no more than thirty (30) days before the meeting date and no less than ten (10) days before the meeting date. (b)(1) At each quarterly meeting of the improvement district, a financial report shall be included as an item on the agenda. (2) The financial report shall be provided to any member of the public who requests a copy of the report. (3) The financial report required under this section shall include without limitation: (A) Supporting documentation; (B) Bank statements; (C) Operating budget; (D) Projected budget; and (E) Itemization of revenues and expenditures.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-89-1501

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.