Arkansas § 14-48-122 - Budgets and appropriations.
Full text of Arkansas Arkansas Code of 1987 Annotated § 14-48-122 — Budgets and appropriations., with citation guidance and answers to common questions.
§ 14-48-122. Budgets and appropriations.
The approval of the budget by the board of directors shall amount to an appropriation, for the purposes of the budget, of the funds which are lawfully applicable to the different items therein contained. The board may alter or revise the budget from time to time, and unpledged funds appropriated by the board for any specific purpose may by subsequent action of the board be appropriated to another purpose subject to the following exceptions: Funds resulting from taxes levied under statute or ordinance for a specific purpose may not be diverted to another purpose; and Appropriated funds may not be diverted to another purpose where any creditor of the municipality would be prejudiced thereby.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 14-48-122
What does Arkansas Code of 1987 Annotated § 14-48-122 cover?
Section 14-48-122 ("Budgets and appropriations.") 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 § 14-48-122?
A common citation format is "Arkansas Code of 1987 Annotated § 14-48-122" (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 § 14-48-122 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.