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2016 Arkansas Code
Title 25 - State Government
Chapter 20 - Interlocal Cooperation Act
Subchapter 4 - -- Arkansas Municipal Electric Utility Interlocal Cooperation Act of 2003
§ 25-20-423. Termination or dissolution

AR Code ยง 25-20-423 (2016) What's This?

The governing bodies of the municipal electric utility forming an authority shall include in their interlocal agreement a provision allowing for:

(1) The termination or dissolution of the authority;

(2) The winding up of the authority's affairs; and

(3) Appropriate disposal or distribution of the authority's property.

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