Arkansas Code Title 14, Subtitle 13, Chapter 217 - General Consolidated Public Utility System Improvement Districts

• § 14-217-101 - Title.
  This chapter shall be known as the "General Consolidated Public Utility System Improvement District Law."
• § 14-217-102 - Purpose of Chapter.
  (a) It has been found and determined by the General Assembly that: (1) There exists a great deal of uncertainty and confusion in the...
• § 14-217-103 - Definitions.
  Whenever used in this chapter, unless the context otherwise requires: (1) "Consolidated utility district" or "district" means any municipal improvement district created before March...
• § 14-217-104 - Application and Construction of Chapter.
  (a) This chapter shall apply to any consolidated utility district already created and to any consolidated utility district which may be created pursuant to...
• § 14-217-105 - Creation of Consolidated Utility Districts -- Petition -- Notice of Hearing.
  (a) Upon the petition of at least two-thirds (2/3) majority in assessed value, as shown by the last county assessment and the deed records...
• § 14-217-106 - General Powers and Purposes of Districts.
  In addition to any purposes and powers authorized elsewhere in this chapter, consolidated utility districts created prior to March 19, 1975, whether pursuant to...
• § 14-217-107 - Rights and Powers of Districts Pertaining to Assessments, Repairs, and Sale of Property.
  (a) Any district, whether created before or after March 19, 1975, shall be governed by and shall have the rights and powers conferred by...
• § 14-217-108 - Location of Consolidated System.
  (a) Subject to the provisions of subsection (b) of this section, any consolidated system or major facility constructed or financed under the authority of...
• § 14-217-109 - Payment of Costs -- Authority to Use Funds and Revenues and to Issue Bonds.
  (a) Consolidated utility districts are authorized to use any available funds and revenues to pay and provide for costs of accomplishing any of the...
• § 14-217-110 - Bonds Generally.
  (a) Bonds of the district shall be authorized by resolution of the board of commissioners.(b) The bonds may be coupon bonds, payable to bearer,...
• § 14-217-111 - Bonds -- Mortgage Lien.
  (a) The resolution or trust indenture authorizing or securing any bonds issued hereunder may impose a foreclosable mortgage lien upon the system constructed in...
• § 14-217-112 - Bonds -- Default -- Receiver.
  (a) In the event of a default in the payment of the principal of or interest on any revenue bonds issued under this chapter,...
• § 14-217-113 - Refunding Bonds.
  Bonds may be issued for the purpose of refunding any bonds issued under this chapter. Refunding bonds may be either sold or delivered in...
• § 14-217-114 - Bonds -- Tax Exemption.
  Bonds issued under the provisions of this chapter, and the interest thereon, shall be exempt from all state, county, and municipal taxes. This exemption...
• § 14-217-115 - Investment of Public Funds in Bonds.
  Any municipality or any board, commission, or other authority established by ordinance of any municipality, or the boards of trustees, respectively, of the firemen's...

Last modified: November 15, 2016