Arkansas Code Title 14, Subtitle 5, Chapter 89, Subchapter 9 - Use of Profits

• § 14-89-901 - Applicability.
  (a) The provisions of this subchapter shall apply to any municipal improvement district in the State of Arkansas which has been created, either by...
• § 14-89-902 - Construction.
  This subchapter is cumulative, and it is expressly declared that this subchapter shall not modify, amend, or repeal §§ 14-199-202--14-199-205, relating to use of...
• § 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,...
• § 14-89-904 - Special Account to Pay Bonds.
  (a) At the end of each fiscal year of the operation of an electric power plant or waterworks system, the commissioners of a municipal...
• § 14-89-905 - Depreciation and Reserve Accounts -- Improvements.
  (a) Before any expenditures as authorized by § 14-89-903 shall be made, the commissioners of a municipal improvement board shall provide from the operation...
• § 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 §...
• § 14-89-907 - Allocation of Profits to Districts and Municipality.
  (a) After compliance with §§ 14-89-904 and 14-89-905, the remaining profits from the operation of an electric power plant or waterworks system shall be...
• § 14-89-908 - Payments to Districts and Municipality.
  (a) The amounts allocated to the various improvement districts within the limits of a municipality shall be paid to the districts when the commissioners...

Last modified: November 15, 2016