(a) To become a member of an existing property assessed energy improvement district, the governing body of a governmental entity shall:
(1) Adopt an ordinance that provides for the participation of the governmental entity in the district; and
(2) Enter into an agreement with the other participating members of the district.
(b) The agreement between members of a district shall establish the terms and conditions of the operation of the district with the limitations provided in this chapter.
Structure Arkansas Code
Chapter 15 - Property Assessed Clean Energy Act
§ 8-15-103. Legislative findings
§ 8-15-105. Authority to create
§ 8-15-106. Membership in an existing district
§ 8-15-107. Board of directors
§ 8-15-108. Membership on the board of directors
§ 8-15-109. Terms of directors
§ 8-15-110. District boards of directors — Meetings
§ 8-15-111. District boards of directors — Powers and duties
§ 8-15-112. Reporting requirement — Collection of assessments
§ 8-15-113. Financing projects
§ 8-15-114. Program guidelines