Ark. Code § 14-89-906
Current with legislation from 2024 Fiscal and Special Sessions.
The profits from the operation of any electric power plant or waterworks system shall not be used for the purposes set forth in § 14-89-903 until such expenditures by a municipal improvement district have first been authorized by resolution duly adopted by the council of the city or town.
Ark. Code § 14-89-906