Browse Arkansas Code titles and sections
14-89-905. Depreciation and reserve accounts — Improvements.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-89-905. Depreciation and reserve accounts — Improvements.
(a) Before any expenditures as authorized by § 14-89-903 shall be made, the commissioners of a municipal improvement board shall provide from the operation of an electric power plant or waterworks system adequate depreciation and reserve accounts.
(b) Adequate provisions shall also be made for such alterations, improvements, or extensions of the electric power plant or waterworks system as, in the judgment of the commissioners of the board, will be necessary during the ensuing year.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-89-905
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:14-89-905
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c04d6a7a978cad755b6a829bc26cf4c574f8dfb60364d08329a38e3fcc209717
Source location: content.xml paragraph 23016
Stored source content
14-89-905. Depreciation and reserve accounts — Improvements.
(a) Before any expenditures as authorized by § 14-89-903 shall be made, the commissioners of a municipal improvement board shall provide from the operation of an electric power plant or waterworks system adequate depreciation and reserve accounts.
(b) Adequate provisions shall also be made for such alterations, improvements, or extensions of the electric power plant or waterworks system as, in the judgment of the commissioners of the board, will be necessary during the ensuing year.
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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. The source passage cites 14-89-903. This identifies an authority to review, not proof of applicability.