Ark. Code § 14-89-1302
Current with legislation from 2024 Fiscal and Special Sessions.
When any municipal street improvement district has paid out and fully retired its bonded indebtedness and there remains a surplus of money in the district and thereafter the property embraced in the district, or at least two-thirds (2/3) of it, shall have been included in a new paving improvement district, then the funds remaining on hand shall be paid by the commissioners on the bonds of the new district.
Ark. Code § 14-89-1302