Arkansas § 14-141-111 - Auditorium fund.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-141-111 — Auditorium fund., with citation guidance and answers to common questions.
§ 14-141-111. Auditorium fund.
The commissioners of a municipal auditorium commission appointed under this chapter shall have the authority to utilize all revenues derived from the auditorium in the operations of the auditorium. All funds derived from the use of the auditorium shall be segregated into an auditorium fund, which shall be used exclusively in the operations of the auditorium by the commissioners. Moneys in the fund shall not be mingled with other funds of the city and shall be handled exclusively by the commissioners. The commissioners shall each furnish to the city a five thousand dollar ($5,000) surety bond that will serve to insure the city against any misappropriation or mishandling of funds. The surety on the bond shall be a reputable surety corporation. The premium on the bonds shall be paid for from moneys in the fund. The commissioners shall receive no salary for their services but shall be reimbursed from the fund for actual expenses incurred in the performance of their duties. The fund may also be expended by the commissioners, as they deem best, for the purpose of obtaining conventions or other attractions to meet in the auditorium.
Frequently Asked Questions About Arkansas § 14-141-111
What does Arkansas Code of 1987 Annotated § 14-141-111 cover?
Section 14-141-111 ("Auditorium fund.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 14-141-111?
A common citation format is "Arkansas Code of 1987 Annotated § 14-141-111" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 14-141-111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.