Title 14, Local Government

(a) A city affected by this chapter that is already organized under the management form of government shall hold a special election on petitions calling for a reorganization under this chapter in accordance with the provisions of § 14-61-114 provided that no special election shal…

(1) The following procedure will be used to implement this chapter by cities that have changed the manner by which directors and the mayor are selected:(1) If an option is chosen in which the mayor is directly elected, the position of mayor shall be elected at the first general e…

(a) The holder of the office of city director or the mayor is subject to removal by the electors qualified to vote for a successor of the incumbent. (b) The procedure to effect the removal of the incumbent of this elective office is as follows:(1) The city clerk shall send to the…

(a) A majority of the qualified electors voting on the issue may vote to permit limited voting or cumulative voting for directors, other than the mayor, elected at large. (b) Under a limited voting system, voters are restricted to casting only one (1) vote for any single candidat…

The charter of a municipal corporation may be revoked, its offices abolished, and the territory and inhabitants returned to the county in which the municipal corporation is located in the manner provided in this chapter, subject to the authority of the receiver appointed under § …

(a) (1) If the Legislative Joint Auditing Committee concludes the process under § 14-59-117 on a municipal corporation, and in the immediately subsequent three-year period the Legislative Joint Auditing Committee concludes the process a second time, the Legislative Joint Auditing…

(a) (1) When the circuit court of the Sixth Judicial District issues an order revoking the charter of a municipal corporation under § 14-62-102, the order is effective upon the qualification and appointment of the receiver.(2) Once an order becomes effective under subdivision (a)…

(a) Within five (5) business days of receipt of the order revoking the charter of a municipal corporation under § 14-62-102, the Governor shall appoint a qualified officer, to be known as the receiver, for an extinct municipal corporation whose charter has been revoked under this…

(a) Every six (6) months, a receiver for an extinct municipal corporation appointed under § 14-62-104 shall make to the circuit court of the Sixth Judicial District a clear and complete statement reflecting all moneys collected, all taxes collected and settled, and all taxes that…

(a) A receiver appointed under § 14-62-104 shall receive such compensation for his or her services as shall be fixed by the circuit court of the Sixth Judicial District. (b) As the circuit court may allow, a receiver shall have credit for all taxes, expenses, attorney's fees, and…

(1) A receiver appointed under § 14-62-104 is subject to audit by Arkansas Legislative Audit:(1) At the request of the:(A) Circuit court of the Sixth Judicial District; or(B) County judge of the county in which the extinct municipal corporation was situated; or(2) At the discreti…

(a) (1) For the purpose of collecting the revenue under this chapter, a receiver appointed under § 14-62-104 may file proceedings in the name of the receiver on behalf of all creditors and against taxpayers who owed taxes to the extinct municipal corporation, in cooperation with …

(a) A public utility operating and organized as an improvement district and serving residents of the extinct municipal corporation shall continue in operation. (b) (1) (A) A public utility operated by the extinct municipal corporation is transferred to the receiver.(B) Funds held…

(a) Moneys due and owing the Arkansas Local Police and Fire Retirement System under § 24-10-101 et seq. or due and owing a local firemen's relief and pension fund or a local policemen's pension and relief fund under § 24-11-101 et seq. are not subject to the proceedings under thi…

(a) If a receiver is appointed under § 14-62-104, sales and use taxes of the extinct municipal corporation shall continue to be collected in the manner provided by law by the Department of Finance and Administration, with the collections paid to the receiver for the benefit of th…

(a) (1) If a party is dissatisfied with the decision of any litigated question under this chapter, he or she may have the question reheard upon appeal to the Supreme Court.(2) Only so much of the record as pertains to the appeal shall form the transcript and record for the appeal…

Funds collected under this chapter shall be paid out from time to time to those entitled to the funds and in such manner as the circuit court of the Sixth Judicial District may determine, on the warrant of the receiver appointed under § 14-62-104 and countersigned by the judge of…

At the time of the full accord and satisfaction of the indebtedness of the municipal corporation whose charter is revoked under this chapter and upon the request of the receiver, the circuit court of the Sixth Judicial District shall enter a final order of dissolution.

(a) If the Attorney General does not file pleadings as required under § 14-62-102 within thirty (30) calendar days of receipt of the notification under § 14-62-102, the Legislative Joint Auditing Committee may require the Attorney General to appear before the Legislative Joint Au…

(a) The fiscal year of the counties of the state, covering each period of twelve (12) months, begins on January 1 of each year and ends at the close of business on December 31 of the same year. (b) (1) Counties shall use the modified accrual accounting basis for audit purposes.(2…

The fiscal year of each city and town in this state shall begin with January 1 and end at 12:00 midnight on December 31 of each year.

(a) Any city of the first class, city of the second class, or incorporated town, hereinafter referred to as a “municipality”, which has received from the Division of Environmental Quality a water pollution control project grant funded from the proceeds of bonds of the division is…

In all cases where bonds have been issued in any county for the construction, reconstruction, or extension of any county hospital as authorized by Arkansas Constitution, Amendment 25 [repealed], and all bonds issued for those purposes by any county have been wholly retired, the c…

(a) As used in this section, “system” means a water system, sewer system, or combined water and sewer system. (b) Revenue bonds may be issued on behalf of a municipality, public facilities board, or public water authority that owns a system for which a receiver has been appointed…

(a) Any county of this state shall have the power and is authorized to refund its outstanding bonded indebtedness on terms the county court shall deem for the best interest of the county and to that end may issue negotiable bonds with interest coupons attached. Such refunding bon…

(1) The refunding bonds:(1) Shall be negotiable instruments;(2) May have coupons evidencing interest, payable annually or semiannually; and(3) Shall have all the rights of security and remedies for collection that are provided for the original bonds issued by the county. (1) Shal…

(a) In order to facilitate the refunding of its bonds, any county issuing refunding bonds may issue certificates of indebtedness bearing interest not to exceed five percent (5%) per annum, payable to bearer and negotiable, to cover matured interest due on outstanding bonds at the…

The tax for the payment of the outstanding bonds levied by the quorum court of the county issuing the refunding bonds shall continue for the payment of the refunding bonds and certificates of indebtedness. If the tax proves insufficient to meet the maturities of the refunding bon…

(a) Any county that has issued funding bonds, under Arkansas Constitution, Amendment 10, to take up its outstanding indebtedness which included any balance then due on the cost of construction of a courthouse or jail, or both, shall have the right to issue bonds under the provisi…

Any county which has built, constructed, or extended a county courthouse or jail, or both, which has not been completely paid for and for which county warrants are now outstanding, may issue bonds through its county court to raise money to pay the indebtedness when authorized by …

(a) Bonds bearing interest at a rate not exceeding five percent (5%) per annum and maturing in not more than thirty-five (35) years may be issued by the county court in the name of the county when authorized by a vote of the qualified electors, and they may be exchanged for the w…

(a) If the county court decides that it would be advantageous to issue bonds under the authority of Arkansas Constitution, Amendment 17 [repealed], this section, and §§ 14-72-301, 14-72-302, and 14-72-304 — 14-72-307, it shall order the submission of the question to the qualified…

(a) In the order calling the election, the county court shall prescribe the form of the ballot, which shall show the amount of the proposed bond issue, its purpose, and the amount of tax necessary to be levied in order to pay the bonds with interest, which amount shall not exceed…

(a) If a majority voting in the election vote in favor of the issue of the bonds and the levy of the tax, then the quorum or levying court, at any regular, special, or adjourned term thereafter held, shall levy, in addition to all other taxes authorized by law to be levied agains…

(a) Bonds that may be issued to pay for courthouses or jails, or both, which may be built or extended, shall be sold only at public auction or on sealed bids after notice given by order of the county court and published once a week for at least three (3) insertions in some newspa…

Whenever, at an election called for the purpose of authorizing the construction, reconstruction, or extension of any county courthouse or county jail, a majority voting in the election vote for such building or buildings, as the case may be, and for the necessary tax, the county …

(a) The power and authority granted by this subchapter may be exercised successively. (b) Any bonds which have once been refunded under this subchapter may thereafter, from time to time, be refunded.

Any city of the first or second class of this state shall have the power and is authorized to refund, in whole or in part, from time to time, its valid outstanding bonds issued under Arkansas Constitution, Amendment 13 [repealed]. To that end, the city may issue negotiable refund…

(a) (1) No refunding bonds shall be issued until the debt refunded is cancelled simultaneously with the delivery of the refunding bonds:(A) By the surrender and cancellation of the bonds to be refunded;(B) If the outstanding bonds are redeemable before maturity and have been duly…

(a) All such refunding bonds shall be negotiable instruments and may have coupons evidencing interest, payable annually or semi-annually, and shall have all the rights of security and remedies for collection that are provided for the bonds that are refunded. (b) They shall bear t…

This subchapter shall be referred to and may be cited as the “Local Government Revenue Bond Election Act of 1986.”

The Arkansas Supreme Court has determined in the case of City of Hot Springs v. Creviston, that the Constitution of the State of Arkansas requires that the issuance of revenue bonds by counties and municipalities, including their boards and agencies, must be approved by the elect…

(1) As used in this subchapter, unless the context otherwise requires:(1) “Bonds” means any evidence of indebtedness of a county or municipality issued pursuant to laws in effect authorizing the issuance of bonds, notes, certificates, or other instruments or evidences of indebted…

This subchapter shall be construed liberally to effectuate the legislative intent and the purposes of this subchapter as complete and independent authority for the performance of each and every action and thing authorized in this subchapter, and all powers granted in this subchap…

The provisions of this subchapter shall not apply to bonds, notes, certificates, or other evidence of indebtedness issued by a regional water distribution district organized under § 14-116-101 et seq., or to any drainage district, levee district, or other improvement or special a…

(a) (1) Whenever a county or municipality shall determine the need to issue revenue bonds, the issuance of which under the Arkansas Constitution requires approval at an election, the legislative body thereof shall, by ordinance, submit the question of the issuance of the revenue …