(a) The local governing body may adopt by ordinance an amendment to a project plan.
(b)
(1) Adoption of an amendment to a project plan shall be preceded by a public hearing held by the local governing body as provided in § 14-168-306(e)(1), at which interested parties shall be afforded a reasonable opportunity to express their views on the amendment.
(2)
(A) Notice of the hearing shall be published in a newspaper of general circulation in the city or county at least fifteen (15) days prior to the hearing.
(B) Prior to publication, a copy of the notice shall be sent by first-class mail to the chief executive officers of all local governments or entities having the power to levy taxes on property within the district and to the superintendent of any school district that includes property located within the proposed district.
(c)
(1) One (1) or more existing redevelopment districts may be combined pursuant to lawfully adopted amendments to the original plans for each district.
(2) Provided that the local governing body finds that the combination of the districts will not impair the security for any bonds previously issued pursuant to this subchapter.
Structure Arkansas Code
Subtitle 10 - Economic Development And Tourism Generally
Chapter 168 - Community Redevelopment Generally
Subchapter 3 - Community Redevelopment — Creation and Procedures
§ 14-168-303. Powers supplemental
§ 14-168-304. Powers generally
§ 14-168-305. Creation of district
§ 14-168-306. Project plan — Approval
§ 14-168-307. Project plan — Amendment
§ 14-168-308. Termination of districts
§ 14-168-309. Costs of formation
§ 14-168-310. Overlapping districts
§ 14-168-311. Valuation of real property
§ 14-168-312. Division of ad valorem real property tax revenue
§ 14-168-313. Payments in lieu of taxes and other revenues
§ 14-168-315. Redevelopment bonds or notes — Authority to issue
§ 14-168-316. Redevelopment bonds or notes — Authorizing resolution
§ 14-168-317. Redevelopment bonds or notes — Terms, conditions, etc
§ 14-168-318. Redevelopment bonds or notes — Security — Marketability
§ 14-168-319. Redevelopment bonds or notes — Special fund for repayment
§ 14-168-320. Redevelopment bonds or notes — Tax exemption
§ 14-168-323. Value of assessed property in a redevelopment district