Municipalities are authorized to use any available funds and reserves to pay and provide for costs and expenses of owning and operating an electric system and, for the purpose of paying electric system costs, a municipality may issue revenue bonds as provided in this chapter.
Ark. Code Ann. § 14-203-104
Authorization to finance electric system
Known as the Municipal Electric System Financing Act
The act spans §§ 14–14 (18 sections).
Acts 1983, No. 441, § 3; A.S.A. 1947, § 19-6003.
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.