As used in this subchapter, unless the context otherwise requires:
(1) “Acquire” means obtain property rights by gift, purchase, devise, bequest, eminent domain, lease, sublease, assignment of lease, or any combination or variant of these means;
(2) “Assessed value” means value as assessed for ad valorem property tax purposes;
(3) “Board” means the board of commissioners appointed;
(4) “District” means the central business improvement district created by ordinance of the municipality;
(5) “Governing body” means the city council, board of directors, commission, or other municipal body exercising general legislative power in the municipality;
(6) “Municipality” means any city having the population required by § 14-184-107;
(7) “Owner” means record owner in fee simple;
(8) “Plan or plan of improvement” means the general design plan, including any amendments to it that may be made from time to time of the proposed improvements in the district.
Structure Arkansas Code
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 184 - Central Business Improvement Districts
Subchapter 1 - General Provisions
§ 14-184-103. Legislative determinations
§ 14-184-106. Other laws applicable
§ 14-184-107. Authority to create districts
§ 14-184-108. Petition for organization — Notice and hearing
§ 14-184-109. Rules governing petitions
§ 14-184-110. Organizational expenses
§ 14-184-111. Board of commissioners
§ 14-184-112. Plans and estimated cost of improvement
§ 14-184-113. Expenditures for services
§ 14-184-114. Abandonment of improvement
§ 14-184-115. Powers of improvement district generally
§ 14-184-116. Power of eminent domain
§ 14-184-117. Powers of municipal governing bodies
§ 14-184-118. Supplemental annual assessments
§ 14-184-119. Revenue-producing facilities
§ 14-184-120. Authority to borrow, issue bonds, etc. — Security — Amount
§ 14-184-121. Bonds — Authorizing resolution
§ 14-184-122. Bonds — Terms and conditions
§ 14-184-123. Bonds — Trust indenture
§ 14-184-125. Bonds — Execution and seal
§ 14-184-127. Obligation on bonds
§ 14-184-128. Bonds — Tax exemption