When any municipal street improvement district has paid out and fully retired its bonded indebtedness and there remains a surplus of money in the district and thereafter the property embraced in the district, or at least two-thirds (2/3) of it, shall have been included in a new paving improvement district, then the funds remaining on hand shall be paid by the commissioners on the bonds of the new district.
Structure Arkansas Code
Subtitle 5 - Improvement Districts Generally
Chapter 89 - Fiscal Affairs of Municipal Improvement Districts
§ 14-89-1301. Special improvement districts receiving state aid
§ 14-89-1302. Street improvement districts
§ 14-89-1303. Sewer improvement districts
§ 14-89-1304. Airport improvement district in city of the first class