(a)(1) The governing body of each municipality shall publish annually a financial statement of the municipality, including receipts and expenditures for the period and a statement of the indebtedness and financial condition of the municipality. The financial statement shall be published one (1) time in a newspaper published in the municipality.(2) This financial statement shall be at least as detailed as the minimum record of accounts as provided in this chapter.(3) This financial statement shall be published by April 1 of the following year.(b) In municipalities in which no newspaper is published, the financial statement shall be posted in two (2) of the most public places in the municipality.Acts 1973, No. 159, §§ 18, 19, as added by 1977, No. 308, § 1; A.S.A. 1947, §§ 19-5316, 19-5317; Acts 2011, No. 621, § 10.
Arkansas Legal Code