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.
Approval by municipal council
Ark. Code Ann. § 14-89-906, under Fiscal Affairs of Municipal Improvement Districts.
Ark. Code Ann. § 14-89-906