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192 chapters · 4,300 sections in this title.
Ark. Code Ann. § 14-58-307 Annual audit
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In cities of the first class, the municipal governing body shall have the financial affairs of the city audited annually by an independent certified public accountant, who is not otherwise in the service of the city, or by the Division of Legislative Audit of the State of Arkansa…
Ark. Code Ann. § 14-58-308 Bonds of officers and employees
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(a) All officers and employees of a city of the first class, city of the second class, or incorporated town handling financial matters for the city or town shall furnish a fidelity bond in such amount, on such form, and with such security as may be approved by the municipal gover…
Ark. Code Ann. § 14-58-401 Authority generally
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(a) Upon a vote of two-thirds (⅔) of the members of the city council, cities of the first class may borrow money for the ordinary operating expenses of the city after January 1 of each year in anticipation of the property tax collections collectible in that year. (b) The sum so b…
Ark. Code Ann. § 14-58-402 Assignment of uncollected property tax
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(a) (1) Cities of the first class may further assign to the lender or to a trustee for the lender as security for the repayment of borrowed moneys, the uncollected general municipal property taxes then extended upon the county tax books to be collected during the current year.(2)…