Ark. Code § 25-20-423

Current with legislation from 2024 Fiscal and Special Sessions.

Section 25-20-423 - Termination or dissolution

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.

Ark. Code § 25-20-423

Acts 2003, No. 366, § 1.