Authority to create PACE program districts

Ark. Code Ann. § 8-15-105 — under Property Assessed Capital Expenditure Act.

Ark. Code Ann. § 8-15-105

(a) A governmental entity legally authorized to issue general revenue bonds may create a district by adoption of an ordinance.

(b) A combination of governmental entities may create a district by each governmental entity:(1) Adopting an ordinance that provides for the governmental entity's participation in the district; and(2) Entering into a joint agreement with one (1) or more other participating governmental entities.

(1) Adopting an ordinance that provides for the governmental entity's participation in the district; and

(2) Entering into a joint agreement with one (1) or more other participating governmental entities.

(c) This section shall not limit additional governmental entities from becoming members of the district under § 8-15-106.