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Ark. Code Ann. § 14-168-309

Costs of formation

Acts 2001, No. 1197, § 10.

(1) The local government may pay, but shall have no obligation to pay, the costs of preparing the project plan or forming the redevelopment district.

(2) If the local government elects not to incur those costs, they shall be made project costs of the district and reimbursed from bond proceeds or other financing, or may be paid by developers, property owners, or other persons interested in the success of the redevelopment project.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.