(a) All municipal port authority funds shall be deposited in banks to be designated by the authority.
(b) No funds of the authority shall be disbursed except for a purpose authorized by this subchapter and only when the account or expenditure for which it is to be given in payment has been approved by the authority.
Structure Arkansas Code
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 186 - Harbors And Port Facilities Generally
Subchapter 2 - Municipal Port Authorities
§ 14-186-203. Creation of authority — Members
§ 14-186-204. Authority — Purposes
§ 14-186-205. Authority — Activities in which city or town may engage
§ 14-186-207. Powers generally
§ 14-186-208. Warehouse facilities — Proposals for lease or operation
§ 14-186-209. Operation of terminal railroads
§ 14-186-210. Acquisition of rights-of-way and property
§ 14-186-211. Exemptions for property
§ 14-186-212. Exchange of property, etc
§ 14-186-213. Transfer of property or money to federal government