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25-20-503. Contributions of public agency properties.
Arkansas Code — all titles (historical 2020) · legal_authorities
25-20-503. Contributions of public agency properties.
(a) Participating public agencies are authorized to contribute to a public body created under this subchapter such real and personal property of the participating public agencies as the participating public agencies find necessary or appropriate to the ownership and operation of a consolidated wastewater system by the public body, provided that:
(1) Any contributions of reserve funds held in trust under § 14-73-101 et seq. shall be made on the condition that the funds may be used only for the purposes described in the trust agreement and until so used shall remain in a trust fund that complies with the requirements of § 14-73-101 et seq.; and
(2) Any contribution of sales or use tax proceeds held or to be collected by participating public agencies for wastewater uses shall be used only for the uses designated in the ordinance providing for the approval of those funds.
(b) Contributions of properties under this section shall be on the terms and conditions and for consideration as the participating public agencies find just and proper, it being within the participating public agencies' discretion to contribute property with or without monetary consideration.
(c) Participating public agencies may execute contracts, leases, deeds, bills of sale, easements, assignments, and other instruments of conveyance as may be required or convenient to exercise the powers granted in this section.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 25-20-503
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:25-20-503
Source file: gov.ar.code.title.25.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 94ebbd3a22ff5d1cf48037d0a185df75892b9a8123b731ea08408f62910479e9
Source location: content.xml paragraph 9096
Stored source content
25-20-503. Contributions of public agency properties.
(a) Participating public agencies are authorized to contribute to a public body created under this subchapter such real and personal property of the participating public agencies as the participating public agencies find necessary or appropriate to the ownership and operation of a consolidated wastewater system by the public body, provided that:
(1) Any contributions of reserve funds held in trust under § 14-73-101 et seq. shall be made on the condition that the funds may be used only for the purposes described in the trust agreement and until so used shall remain in a trust fund that complies with the requirements of § 14-73-101 et seq.; and
(2) Any contribution of sales or use tax proceeds held or to be collected by participating public agencies for wastewater uses shall be used only for the uses designated in the ordinance providing for the approval of those funds.
(b) Contributions of properties under this section shall be on the terms and conditions and for consideration as the participating public agencies find just and proper, it being within the participating public agencies' discretion to contribute property with or without monetary consideration.
(c) Participating public agencies may execute contracts, leases, deeds, bills of sale, easements, assignments, and other instruments of conveyance as may be required or convenient to exercise the powers granted in this section.
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Arkansas Code — all titles (historical 2020) · legal_authorities
14-73-101. Definitions.
As used in this chapter, unless the context otherwise requires:
(1) “Local government” means any:
(A) City of the first or second class;
(B) Incorporated town;
(C) County;
(D) School district;
(E) Improvement district; or
(F) Board, agency, or commission of the governments set out in subdivisions (1)(A)-(E) of this section including, but not limited to:
(i) Waterworks commission;
(ii) Sewer committee;
(iii) Airport commission;
(iv) Parking authority;
(v) Public transit authority;
(vi) Library commission;
(vii) Advertising and promotion commission; or
(viii) Port authority.
(2) “Improvement” means:
(A) Public works or projects authorized by law which are undertaken by a local government for public use or benefit including, but not limited to, streets and transportation facilities, waterworks facilities, sewer facilities, airports, parking facilities, drainage facilities, buildings, sidewalks, convention centers, schools, city halls, jails, fire stations, solid waste disposal facilities, courthouses, recreational facilities, stadiums, libraries, and hospitals; and
(B) Engineering and architectural fees and other development and acquisition costs of those public works or projects.
(3) “Governing body” means:
(A) The legislative body of any:
(i) City, town, or county;
(ii) Improvement district; or
(iii) School board; and
(B) The body or board authorized to operate a board, agency, or commission including, but not limited to, the board of commissioners of a waterworks commission, members of a sewer committee, the board of commissioners of an airport commission, members of a parking authority, the board of commissioners or directors of an improvement district, the board of directors of a public transit a
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-73-101
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 14-73-101. This identifies an authority to review, not proof of applicability.