Arkansas § 14-168-321 - Excess funds.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-168-321 — Excess funds., with citation guidance and answers to common questions.
§ 14-168-321. Excess funds.
Moneys received in the special fund of the district in excess of amounts needed to pay project costs may be used only by the local governing body for the redemption of outstanding bonds, notes, or other evidences of indebtedness issued by the redevelopment district or for distribution to any taxing unit in such amounts as may be determined by the local governing body. Upon termination of the district, all amounts in the special fund of the district may be used by the local governing body for any lawful purpose.
Frequently Asked Questions About Arkansas § 14-168-321
What does Arkansas Code of 1987 Annotated § 14-168-321 cover?
Section 14-168-321 ("Excess funds.") 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 § 14-168-321?
A common citation format is "Arkansas Code of 1987 Annotated § 14-168-321" (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 § 14-168-321 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.