Arkansas Code Title 14, Subtitle 3, Chapter 58, Subchapter 4 - Borrowing of Money by Cities of the First Class

• § 14-58-401 - Authority Generally.
  (a) Upon a vote of two-thirds (2/3) of the members of the city council, cities of the first class may borrow money for the...
• § 14-58-402 - Assignment of Uncollected Property Tax.
  (a) (1) Cities of the first class may further assign to the lender or to a trustee for the lender as security for the...
• § 14-58-403 - Assignments Not to Affect Warrants -- Priority.
  (a) Since the Arkansas Constitution prohibits the issuance by a municipal corporation of any interest-bearing evidence of indebtedness for the purpose mentioned in this...

Last modified: November 15, 2016