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Arkansas Code of 1987 (2024)
Title 25 - STATE GOVERNMENT (§§ 25-1-101 — 25-43-1605)
Chapter 20 - INTERLOCAL COOPERATION ACT (§§ 25-20-101 — 25-20-524)
Subchapter 4 - ARKANSAS MUNICIPAL ELECTRIC UTILITY INTERLOCAL COOPERATION ACT OF 2003 (§§ 25-20-401 — 25-20-425)
Section 25-20-423 - Termination or dissolution
Universal Citation:
AR Code § 25-20-423 (2024)
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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.
Acts 2003, No. 366, § 1.
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