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. 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.
Arkansas Legal Code