Dissolution — Combination of service district

  1. Law
  2. Arkansas Code
  3. Local Government
  4. Improvement Districts Generally
  5. Urban Service District
  6. Modification or Dissolution
  7. Dissolution — Combination of service district

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Dissolution or any combination of service districts shall provide for the following:

  1. (1) The transfer or other disposition of property and other rights, claims, and assets of the district;

  2. (2) The payment of all obligations from the resources of the district;

  3. (3) The payment of all costs of abolishing or combining a district from the resources of the districts involved;

  4. (4) The honoring of any bonds, debt, contract, obligation, or cause of action accrued or established under the urban service district;

  5. (5) The provision for the:

    1. (A) Equitable disposition of the assets of the district;

    2. (B) Adequate protection of the legal rights of employees of the district; and

    3. (C) Adequate protection of the legal rights of creditors; and

  6. (6) The transfer of all property and assets to the jurisdiction of the city or town.


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