Arkansas § 8-15-105 Authority to create

Arkansas Statutes

§ 8-15-105 — Authority to create

(a)A governmental entity legally authorized to issue general revenue bonds may create a property assessed energy improvement district by adoption of an ordinance.

(b)A combination of governmental entities may create a district by each governmental entity:

(1)Adopting an ordinance that provides for the governmental entity's participation in the district; and (2) Entering into a joint agreement with one (1) or more other participating governmental entities.

(c)This section shall not limit additional governmental entities from becoming members of the district under § 8-15-106 .

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(a) A governmental entity legally authorized to issue general revenue bonds may create a property assessed energy improvement district by adoption of an ordinance. (b) A combination of governmental entities may create a district by each governmental entity: (1) Adopting an ordinance that provides for the governmental entity's participation in the district; and (2) Entering into a joint agreement with one (1) or more other participating governmental entities. (c) This section shall not limit additional governmental entities from becoming members of the district under § 8-15-106 .

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