Ark. Code § 14-322-110
Current with legislation from 2024 Fiscal and Special Sessions.
The board of commissioners of any improvement district established under the provisions of this chapter are authorized to issue bonds, certificates of indebtedness, or other negotiable evidences of debt to secure funds to finance the proposed improvements. All unpaid assessments upon real property in the district may be pledged to secure the bonds or other negotiable evidences of debt.
Ark. Code § 14-322-110