Ask a question on the site
Questions
Lawyers
Blogs
Legislation
Contacts
Become a lawyer
Login Registration
Chapter 71 - Fiscal Years
§ 14-71-101. County fiscal year — Accounting method for county budget and treasury audit purposes — Definition - (a) The fiscal year of the counties of the state,...
§ 14-71-102. Cities and towns - The fiscal year of each city and town in this...
Chapter 72 - Bonds of Counties, Cities, and Towns
Subchapter 1 - General Provisions
§ 14-72-101. Municipal water and sewer revenue bonds for repayment of water pollution control grants - (a) Any city of the first class, city of the...
§ 14-72-102. Transfer of unexpended balance of bond redemption fund to county hospital building fund - In all cases where bonds have been issued in any...
Subchapter 2 - Refunding Bonds of Counties Generally
§ 14-72-201. Authority to refund — Procedure - (a) Any county of this state shall have the power...
§ 14-72-202. Form of bonds — Rights and remedies - The refunding bonds: (1) Shall be negotiable instruments; (2) May...
§ 14-72-203. Certificates of indebtedness for interest due on refunded bonds and expense of issuing refunding bonds - (a) In order to facilitate the refunding of its bonds,...
§ 14-72-204. Tax for original bonds continued for refunding bonds - The tax for the payment of the outstanding bonds levied...
§ 14-72-205. Refunding bonds under Arkansas Constitution, Amendment 17 - (a) Any county that has issued funding bonds, under Arkansas...
Subchapter 3 - County Bonds for Courthouses and Jails
§ 14-72-301. Authority to issue - Any county which has built, constructed, or extended a county...
§ 14-72-302. Interest, maturity, and sale - (a) Bonds bearing interest at a rate not exceeding five...
§ 14-72-303. Submission of question to electors — Special election - (a) If the county court decides that it would be...
§ 14-72-304. Form of ballot — Returns — Appeal - (a) In the order calling the election, the county court...
§ 14-72-305. Levy of special funding bond tax - (a) If a majority voting in the election vote in...
§ 14-72-306. Publication — Sale of bonds - (a) Bonds that may be issued to pay for courthouses...
§ 14-72-307. Quorum court to levy tax - Whenever, at an election called for the purpose of authorizing...
Subchapter 5 - Refunding Municipal Bonds Issued Under Arkansas Constitution, Amendment 13
§ 14-72-501. Application of subchapter — Successive refunding - (a) The power and authority granted by this subchapter may...
§ 14-72-502. Authority to refund — Issuance - Any city of the first or second class of this...
§ 14-72-503. Methods of issuance - (a) (1) No refunding bonds shall be issued until the...
§ 14-72-504. Form of bonds - (a) All such refunding bonds shall be negotiable instruments and...
Subchapter 6 - Local Government Revenue Bond Elections
§ 14-72-601. Title - This subchapter shall be referred to and may be cited...
§ 14-72-602. Legislative intent - The Arkansas Supreme Court has determined in the case of...
§ 14-72-603. Definitions - As used in this subchapter, unless the context otherwise requires:...
§ 14-72-604. Construction - This subchapter shall be construed liberally to effectuate the legislative...
§ 14-72-605. Certain districts excluded - The provisions of this subchapter shall not apply to bonds,...
§ 14-72-606. Election procedures — Contest - (a) (1) Whenever a county or municipality shall determine the...
§ 14-72-607. Venue - For the purposes of this subchapter, when it is necessary...
§ 14-72-608. Elections held prior to effective date - Any election called for the purpose of authorizing revenue bonds...
§ 14-72-609. Refunding bonds - (a) Revenue bonds issued for the purpose of refunding revenue...
Subchapter 7 - Refund of Amendment 13 Municipal Bond Proceeds
§ 14-72-701. Disposition of principal and interest - In instances where bonds were issued by a municipality under...
§ 14-72-702. Filing of claims - (a) The taxpayer must file a claim with the city...
§ 14-72-703. Publication of notice - (a) Before any money is transferred into the city general...
Chapter 73 - Local Government Reserve Funds
§ 14-73-101. Definitions - As used in this chapter, unless the context otherwise requires:...
§ 14-73-102. Authority to establish reserve for improvements - (a) Any local government desiring to own, acquire, construct, reconstruct,...
§ 14-73-103. Trust agreement - (a) The reserve fund shall be established by written agreement...
§ 14-73-104. Payment of funds into reserve - After the execution of the trust agreement, the local government...
Chapter 74 - Taxing Agencies — Borrowing and Bankruptcy
§ 14-74-101. Chapter cumulative - The provisions of this chapter shall be cumulative to any...
§ 14-74-102. Enumeration of taxing agencies and instrumentalities - The taxing agencies and instrumentalities to which this chapter is...
§ 14-74-103. Authority to use federal finance laws — Bankruptcy - (a) Any and all the taxing agencies or instrumentalities named...
§ 14-74-104. Authority to refinance, refund, etc - Any and all of the taxing agencies and instrumentalities set...
§ 14-74-105. Participation by state departments - Any department of this state authorized by any law of...
Chapter 75 - Management Letter for Audit
§ 14-75-101. Definition - For the purpose of this chapter, a “political subdivision” shall...
§ 14-75-102. Letter required - Any political subdivision of the State of Arkansas engaging the...
§ 14-75-103. Contents of letter - The management letter shall include: (1) Comments by the certified...
§ 14-75-104. Furnishing copy to Legislative Joint Auditing Committee - (a) The political subdivision shall supply the Legislative Joint Auditing...
Chapter 77 - Local Fiscal Management Responsibility Act
§ 14-77-101. Title - This chapter may be known and cited as the “Local...
§ 14-77-102. Definitions - As used in this chapter: (1) “Executive officer” means the...
§ 14-77-103. Compliance with fiscal responsibility and management laws — Investigation - (a) All public officers and employees shall comply with the...
§ 14-77-104. Notification of violation - (a) The executive officer of the political subdivision shall notify...
§ 14-77-105. Remedial or corrective action - The public officer or employee violating a fiscal responsibility and...
§ 14-77-106. Investigation by prosecuting attorney - (a) If the executive officer determines that there has been...
§ 14-77-107. Civil suit by prosecuting attorney - After conducting an investigation into the alleged violations, the appropriate...
§ 14-77-108. Civil penalty - If the public officer or employee is found by the...
§ 14-77-109. Recovery of costs - (a) If the public officer or employee is found by...
§ 14-77-110. Civil procedures apply - All actions and procedures under the provisions of this chapter...
§ 14-77-111. Existing remedies not impaired - The provisions of this chapter are supplemental to any other...
Chapter 78 - Local Government Short-Term Financing Obligations
§ 14-78-101. Title - This chapter shall be referred to and may be cited...
§ 14-78-102. Definitions - As used in this chapter, unless the context otherwise requires:...
§ 14-78-103. Authorization for issuance of obligations - (a) (1) Municipalities and counties are authorized to issue obligations...
§ 14-78-104. Refunding obligations - (a) Obligations may be issued under this chapter to refund...
§ 14-78-105. Obligations may be secured by mortgage lien - (a) The ordinance or short-term financing agreement may impose or...
§ 14-78-106. Tax exemption - Obligations issued under this chapter and all amounts treated as...
§ 14-78-107. Obligations are negotiable instruments - Unless set forth in the ordinance, obligation, or short-term financing...
§ 14-78-108. Nonliability - No officer, employee, or member of the legislative body of...
§ 14-78-109. Supplemental nature of this chapter - (a) The provisions of this chapter are supplemental to constitutional...
§ 14-78-110. Construction - This chapter shall be construed liberally to effectuate the legislative...