Arkansas Code Title 14, Subtitle 5, Chapter 93 - Property Owners' Improvement Districts
- § 14-93-101 - Title.
This chapter may be known and cited as the "Property Owners' Improvement District Law."
- § 14-93-102 - Legislative Intent.
(a) It is the intent and purpose of this chapter to authorize the formation of improvement districts by the unanimous approval of all owners...
- § 14-93-103 - Definitions.
As used in this chapter, unless the context otherwise requires: (1) "Board" means any board of commissioners appointed pursuant to this chapter; (2) "District"...
- § 14-93-104 - Construction.
The provisions of this chapter shall be liberally construed to accomplish the purposes of this chapter, and this chapter shall be the sole authority...
- § 14-93-105 - Petition to Form District.
(a) Upon the petition of all the owners of the record title as reflected by the deed records in the office of the circuit...
- § 14-93-106 - Hearing on Petition and Determination.
(a) (1) Upon the filing of a petition, it shall be the duty of the county clerk to present the petition to the county...
- § 14-93-107 - Board of Commissioners Generally.
(a) (1) (A) Within thirty (30) days after their appointment, the members of a board of commissioners shall take and file with the county...
- § 14-93-108 - Removal of Board Members.
(a) When the owners of two-thirds (2/3) in assessed value of the real property located within any district shall sign a petition stating that...
- § 14-93-109 - Planning by Board.
(a) The board shall form plans relative to the acceptance, purchase, or construction of the improvement.(b) To that end, the board may employ such...
- § 14-93-110 - Purposes for Which District Organized.
Any district may be organized for any one (1) or more of the following purposes: (1) To purchase, accept as a gift, or construct...
- § 14-93-111 - Powers of Districts Generally.
(a) Any district, in aid to and furtherance of the purposes prescribed in ยง 14-93-110, shall have the authority to hire managers and other...
- § 14-93-112 - Corporate Powers.
Each district shall be a body corporate with power to sue and to be sued, and it shall have a corporate seal.
- § 14-93-113 - Right and Power of Eminent Domain.
(a) (1) (A) All districts organized under this chapter shall have the right of eminent domain in order that they may carry out the...
- § 14-93-114 - Sale of Land.
Any land that may be acquired by any district organized under this chapter may be sold by the board thereof for the price and...
- § 14-93-115 - Priority of Cases.
All cases involving the validity of districts or the assessment of benefits and all suits to foreclose the lien or taxes shall be deemed...
- § 14-93-116 - Assessment of Benefits and Damages.
(a) (1) In the event that the board shall have voted to accept any offer of gift, shall have voted to purchase any improvement,...
- § 14-93-117 - Filing and Notice of Assessment -- Hearing.
(a) (1) The assessment shall be filed with the county clerk. (2) (A) The secretary of the board shall thereupon give notice of its...
- § 14-93-118 - Reassessment.
(a) The board may, not more often than once a year, require the assessor to reassess the benefits in the district. However, in the...
- § 14-93-119 - Levy of Tax.
(a) (1) The board of the district shall, at the same time that the assessment of benefits is equalized or at any time thereafter,...
- § 14-93-120 - Interest on Assessment.
The assessment of the benefits shall bear interest at the rate of ten percent (10%) per annum from the time it is equalized. However,...
- § 14-93-121 - Extension and Collection of Taxes.
(a) (1) When the board shall make the levy of taxes, it shall be the duty of the assessor to extend the amount levied...
- § 14-93-122 - Subsequent Levies.
(a) If the tax first levied shall prove insufficient to pay the bonds, both the principal and interest, issued by the board on account...
- § 14-93-123 - Payment of Taxes -- Enforcement.
(a) All taxes levied under the terms of this chapter shall be payable in installments at the same time as other state, county, and...
- § 14-93-124 - Negotiable Notes, Bonds, or Evidences of Debt.
(a) (1) In order to meet preliminary expenses and to finance the cost of the improvements to be accomplished with cost incidental to the...
- § 14-93-125 - Bonds -- Tax Exemption.
Bonds, and the interest thereon, shall be exempt from all state, county, and municipal taxes, including income, property, and inheritance taxes.
- § 14-93-126 - Payment of Bonds and Interest.
(a) (1) All bonds issued under the terms of this chapter shall be secured by a lien on all real property in the district....
- § 14-93-127 - Dissolution of District.
(a) (1) After all bonds, notes, or other evidences of indebtedness, plus all interest thereon, shall have been paid in full, then a district...
- § 14-93-128 - Lien for Preliminary Expenses.
(a) In case, for any reason, the improvement contemplated by any district organized under this chapter is not made, the preliminary expense shall be...
- § 14-93-129 - Continued Existence of District.
If the petition for formation of the district provides therefor or the owners of real property in the district agree thereto, then a district...
- § 14-93-130 - Systems Turned Over to Municipality.
(a) In those cases where improvement districts have been organized under this chapter or any consolidation of districts organized under this chapter with one...
- § 14-93-131 - Consolidated Systems Authorized.
(a) Where there are contiguous or adjacent districts organized under this chapter or under the suburban improvement district laws or the municipal improvement district...
- § 14-93-132 - Connections Outside District Boundaries.
(a) All districts organized pursuant to the provisions of this chapter for the purposes of constructing waterworks, sewers, gas pipelines, or telephone lines shall...
- § 14-93-133 - Annexation of Lands Outside District Boundaries.
(a) (1) All districts organized under this chapter shall have the authority to permit lands outside the boundaries of the district to be annexed...
Last modified: November 15, 2016