Capacity or output derived by a municipality from a project not then required by the municipality may be sold or exchanged by the municipality, for such consideration, for such period, and upon such other terms and conditions as may be determined by the parties to any other municipality, improvement district, federal or state political subdivision or agency, or other person, which other municipality, improvement district, federal or state political subdivision or agency, or other person owns an electric system or electric system facilities whether operated by it, or by a person under a franchise, lease, or other agreement.
Ark. Code Ann. § 14-202-105
Sale of excess capacity
Known as the Joint Municipal Electric Power Generation Act
The act spans §§ 14-202-101 to 14-202-123 (23 sections).
Acts 1979, No. 5, § 5; A.S.A. 1947, § 19-5605; Acts 2007, No. 236, § 3.
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.