The board of commissioners of any improvement district established under the provisions of this chapter are authorized to issue bonds, certificates of indebtedness, or other negotiable evidences of debt to secure funds to finance the proposed improvements. All unpaid assessments upon real property in the district may be pledged to secure the bonds or other negotiable evidences of debt.
Structure Arkansas Code
Subtitle 19 - Roadways, Bridges, and Parking Improvement Districts
Chapter 322 - Improvement Districts For City Streets
§ 14-322-101. Chapter supplemental
§ 14-322-102. Street improvement studies — Resolution
§ 14-322-103. Filing of petition requesting improvement district
§ 14-322-104. Notice of hearing — Special meeting
§ 14-322-105. Hearing — Publication — Effect of ruling
§ 14-322-106. Assessments — Filing, notice, and appeal
§ 14-322-107. Payment generally
§ 14-322-108. Installment payments
§ 14-322-109. Use of funds to pay off debt of improvement district