Arkansas § 14-171-216 Suspension of local tax

Arkansas Statutes

§ 14-171-216 — Suspension of local tax

Any city or county entering into an agreement pursuant to § 14-171-210 may provide for suspension, in whole or in part, of the collection of any tax voted for payment of its general obligation bonds issued in accordance with an agreement under § 14-171-210 in any year when moneys derived from state assistance under this subchapter or from other sources are available for payment of all, or a portion of, the debt service on the bonds.

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Any city or county entering into an agreement pursuant to § 14-171-210 may provide for suspension, in whole or in part, of the collection of any tax voted for payment of its general obligation bonds issued in accordance with an agreement under § 14-171-210 in any year when moneys derived from state assistance under this subchapter or from other sources are available for payment of all, or a portion of, the debt service on the bonds.

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