The governing body of any municipality is authorized to make application and to enter into contracts for and to accept grants-in-aid and loans from the United States and the State of Arkansas, and their agencies, for planning, acquiring, constructing, expanding, maintaining, and operating any project or electric system or participating in any research or development program, or performing any function which the municipality may be authorized by law to provide or perform.
Ark. Code Ann. § 14-202-122
Contracts for grants-in-aid and loans
Known as the Joint Municipal Electric Power Generation Act
The act spans §§ 14-202-101–14-202-123 (23 sections).
Acts 1979, No. 5, § 16; A.S.A. 1947, § 19-5616.
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.