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14-89-906. Approval by municipal council.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-89-906. Approval by municipal council.
The profits from the operation of any electric power plant or waterworks system shall not be used for the purposes set forth in § 14-89-903 until such expenditures by a municipal improvement district have first been authorized by resolution duly adopted by the council of the city or town.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-89-906
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:14-89-906
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 9b468e6c6c39b1696e22d38f3d1ee97211b214fe1266a16e9c1485e332868656
Source location: content.xml paragraph 23022
Stored source content
14-89-906. Approval by municipal council.
The profits from the operation of any electric power plant or waterworks system shall not be used for the purposes set forth in § 14-89-903 until such expenditures by a municipal improvement district have first been authorized by resolution duly adopted by the council of the city or town.
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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.