(a) The provisions of this subchapter shall apply to any municipal improvement district in the State of Arkansas which has been created, either by special act of the General Assembly or under the general laws of the state, for the purpose of repairing, enlarging, overhauling, erecting, and equipping any electric power plant, waterworks system, or sewer system which may have been constructed by a previously existing district within the municipality.
(b) No part of this subchapter shall apply to a municipal plant operated solely by city commissioners without a majority vote of the commissioners.
Structure Arkansas Code
Subtitle 5 - Improvement Districts Generally
Chapter 89 - Fiscal Affairs of Municipal Improvement Districts
§ 14-89-903. Purpose of expenditures
§ 14-89-904. Special account to pay bonds
§ 14-89-905. Depreciation and reserve accounts — Improvements
§ 14-89-906. Approval by municipal council
§ 14-89-907. Allocation of profits to districts and municipality