Municipalities are authorized to use any available funds and reserves to pay and provide for costs and expenses of owning and operating an electric system and, for the purpose of paying electric system costs, a municipality may issue revenue bonds as provided in this chapter.
Structure Arkansas Code
Subtitle 12 - Public Utilities Generally
Chapter 203 - Municipal Electric System Financing
§ 14-203-103. Scope of chapter
§ 14-203-104. Authorization to finance electric system
§ 14-203-105. Bonds — Issuance generally
§ 14-203-106. Bonds — Terms and conditions
§ 14-203-107. Bonds — Trust indenture
§ 14-203-109. Bonds, coupons — Execution — Seal
§ 14-203-110. Bonds — Priority among issues
§ 14-203-111. Bonds — Nature of indebtedness — Surplus revenues
§ 14-203-113. Bonds — Mortgage lien
§ 14-203-114. Bonds — Default — Receiver
§ 14-203-115. Rates, fees, and charges — Disposition — Pledges
§ 14-203-116. Rights of holder or owner of bonds