2014 Arkansas Code
Title 14 - Local Government
Subtitle 24 - Fencing And Livestock Districts
Chapter 386 - Fencing Districts
Subchapter 5 - Status and Funding
§ 14-386-505 - Disposition of surplus funds.
When any fencing district in this state has completed all of the contemplated improvements and has paid and discharged all of its obligations and has a surplus of funds on hand, not needed for repair or maintenance or the operation of the district, then, in such event, the board of directors of the district may, in their discretion, contribute so much of the surplus funds as they may determine to any public, charitable, educational, or general welfare purpose within the county in which the district is situated.
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