District boards of directors — Powers and duties

Ark. Code Ann. § 8-15-111 — under Property Assessed Capital Expenditure Act.

Ark. Code Ann. § 8-15-111

(a) The board of directors of a district may:(1) Issue revenue bonds on behalf of the district;(2) Make and adopt all necessary bylaws for its organization and operation;(3) Elect officers and employ personnel necessary for its operation;(4) Operate, maintain, expand, and fund a PACE program;(5) Apply for, receive, and spend grants for any purpose under this chapter;(6) Enter into agreements and contracts on behalf of the district;(7) Receive property or funds by gift or donation for the finance and support of the district;(8) Reimburse a governmental entity for expenses incurred in performing a service for the district;(9) Assign assessments to a private lending institution; and(10) Do all things necessary or appropriate to carry out the powers expressly granted or duties expressly imposed under this chapter.

(1) Issue revenue bonds on behalf of the district;

(2) Make and adopt all necessary bylaws for its organization and operation;

(3) Elect officers and employ personnel necessary for its operation;

(4) Operate, maintain, expand, and fund a PACE program;

(5) Apply for, receive, and spend grants for any purpose under this chapter;

(6) Enter into agreements and contracts on behalf of the district;

(7) Receive property or funds by gift or donation for the finance and support of the district;

(8) Reimburse a governmental entity for expenses incurred in performing a service for the district;

(9) Assign assessments to a private lending institution; and

(10) Do all things necessary or appropriate to carry out the powers expressly granted or duties expressly imposed under this chapter.

(b) To offset the actual and reasonable costs of tax billing and collection, the board of directors shall establish and the county officer may accept or reject a reasonable annual fee or one-time-per-project commission to be paid to the county assessor, the county collector, and the county treasurer.

(c) The board of directors shall adopt rules consistent with this chapter or with other legislation that in its judgment may be necessary for the proper enforcement of this chapter.