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2015 Arkansas Code
Title 14 - Local Government
Subtitle 10 - Economic Development And Tourism Generally
Chapter 164 - Industrial Development Bonds
Subchapter 2 - Municipalities and Counties Industrial Development Revenue Bond Law
§ 14-164-224 - No utility acquisition by municipality.

AR Code § 14-164-224 (2015) What's This?

Nothing in this subchapter shall be construed to authorize any municipality to issue or sell revenue bonds, or use the proceeds thereof, to purchase, condemn, or otherwise acquire a utility plant or distribution system owned or operated by a regulated public utility.

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