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14-89-903. Purpose of expenditures.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-89-903. Purpose of expenditures.
(a) Any improvement district within any city or town in the State of Arkansas which is created for the purpose of constructing, repairing, enlarging, and overhauling any electric power plant, waterworks system, or sewer system is authorized to use the profits, or any part thereof, derived from the operation of the plants or systems toward:
(1) The payment of the outstanding bonded indebtedness of all street, sewer, or other improvement districts within the limits of the municipality; and
(2) The payment of any obligations of the city or town which may have been incurred by the city or town in the manner provided by law.
(b) The expenditures authorized in this section shall be made as provided for in this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-89-903
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:14-89-903
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: e42c1580f875fa223c0a562fade99c9c9d010425e48fb2efe1dbf231696c3b2a
Source location: content.xml paragraph 22999
Stored source content
14-89-903. Purpose of expenditures.
(a) Any improvement district within any city or town in the State of Arkansas which is created for the purpose of constructing, repairing, enlarging, and overhauling any electric power plant, waterworks system, or sewer system is authorized to use the profits, or any part thereof, derived from the operation of the plants or systems toward:
(1) The payment of the outstanding bonded indebtedness of all street, sewer, or other improvement districts within the limits of the municipality; and
(2) The payment of any obligations of the city or town which may have been incurred by the city or town in the manner provided by law.
(b) The expenditures authorized in this section shall be made as provided for in this subchapter.
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