Arkansas Statutes
§ 14-40-1212 — Rights of annexed territory to benefits of its revenues
Arkansas·Title 14
(a)The wards formed out of the territory comprising the former territory of the smaller municipal corporation annexed under the provisions of this subchapter shall always receive betterments and improvements in an amount equal to the amount of revenue derived by the consolidated municipality from the territory and inhabitants of the smaller municipal corporation, after having deducted the pro rata share of the territory of the running expenses necessary to be expended in maintaining the government of the entire city or incorporated town and after having taken into consideration the amount of revenues necessarily appropriated to pay the indebtedness due by the smaller municipality before consolidation, until the indebtedness is paid. In addition, those wards shall always receive their fair
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Arkansas § 14-40-1212 (Rights of annexed territory to benefits of its revenues) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Act 2017, No. 879,§ 8, eff. 8/1/2017. Amended by Act 2017, No. 879,§ 7, eff. 8/1/2017. Acts 1913, No. 318, § 4; C. & M. Dig., § 7478; Pope's Dig., § 9511; A.S.A. 1947, § 19-317.
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