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Section 14-95-502 - Financing — Arkansas Law | CourtGPT
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  4. Title 14 - Local Government (§§ 14-1-101 — 14-387-706)/
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  7. Subchapter 5 - Capital Construction and Improvements Program/
  8. Section 14-95-502 - Financing
Arkansas Legal Code

Section 14-95-502 - Financing

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(a) To finance the cost of the program, the governing body of each municipality shall adopt a resolution pledging the urban service district's service charges, or a portion thereof, to finance the program compiled for the district.(b) The resolution shall specify: (1) The district's projected revenues;(2) The projected costs of the program; and(3) The period of time for which the district's revenues shall be obligated.Acts 1995, No. 1090, § 6.