Arkansas Code Title 14, Subtitle 4, Chapter 73 - Local Government Reserve Funds

• § 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)...
• § 14-73-102 - Authority to Establish Reserve for Improvements.
  (a) Any local government desiring to own, acquire, construct, reconstruct, remodel, equip, extend, operate, maintain, or otherwise provide improvements may establish a reserve for...
• § 14-73-103 - Trust Agreement.
  (a) The reserve fund shall be established by written agreement with a trustee independent from the local government. The trust agreement shall contain: (1)...
• § 14-73-104 - Payment of Funds Into Reserve.
  After the execution of the trust agreement, the local government may, during the fiscal year in which the agreement is executed and in subsequent...

Last modified: November 15, 2016