Arkansas § 14-89-908 Payments to districts and municipality

Arkansas Statutes

§ 14-89-908 — Payments to districts and municipality

(a)The amounts allocated to the various improvement districts within the limits of a municipality shall be paid to the districts when the commissioners on the boards of improvement shall request that it be paid in order that the funds may be used by such districts to pay the bonds and interest maturities of the districts which are about to become due.

(b)The amounts allocated to the municipality shall be paid into the treasury of the municipality upon resolution duly adopted by the council of the city or town.

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(a) The amounts allocated to the various improvement districts within the limits of a municipality shall be paid to the districts when the commissioners on the boards of improvement shall request that it be paid in order that the funds may be used by such districts to pay the bonds and interest maturities of the districts which are about to become due. (b) The amounts allocated to the municipality shall be paid into the treasury of the municipality upon resolution duly adopted by the council of the city or town.

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