reglab/housing_qa huggingface dataset:
AR Code § 14-207-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 207 - Valuation of Properties and Facilities Upon Annexation|§ 14-207-104. Procedures and valuation formula

 (a) In the event that an agreement pursuant to § 14-207-103(a) or (b) cannot be reached within such six-month period, the municipality shall pay to the electric public utility an amount equal to the following:  (1) The present-day reproduction cost, new, of the properties and facilities being acquired, less depreciation computed on a straight-line basis; plus  (2) The book value, net of depreciation, of all properties and facilities not being acquired or portions thereof, which were constructed or purchased in good faith by the electric public utility in order to serve customers in the annexed area, less the book value, net of depreciation, of the properties and facilities, to the extent that at the time that title to the properties or facilities being taken pursuant to this act is transferred, the properties and facilities not being acquired:  (A) Are required for serving customers of the electric public utility not in the annexed area; and  (B) May be reasonably expected to serve customers not in the annexed area within eight (8) years following the acquisition; plus    (3) An amount equal to the cost of constructing any necessary facilities to reintegrate the system of the electric public utility outside the annexed area after detaching the portion to be sold; plus  (4) In the event that the electric public utility system does not provide wholesale power service to the municipality acquiring its properties, facilities, and customers under this subchapter, then, in addition to the amounts required by subdivisions (a)(1) and (3) of this section, the municipality shall pay the electric public utility either:  (A) Three hundred fifty-five percent (355%) of gross revenues less gross receipts taxes received by the electric public utility for the twelve-month period preceding notification from customers in the annexed area; or  (B) The amount required by subdivision (a)(4)(A) of this section payable over five (5) years with interest at the then-prevailing AAA insured tax-exempt municipal bond interest rate.      (b) In the event that the electric public utility system ceases to provide wholesale power service to the municipality prior to five (5) years after the acquisition of the properties, facilities, and customers of the electric power utility under this subchapter, then the municipality will pay, pro rata for the remainder of such five-year period, in accordance with subdivision (a)(4)(A) of this section.
AR Code § 14-207-105 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 207 - Valuation of Properties and Facilities Upon Annexation|§ 14-207-105. Valuation data

 The public utility shall provide to the municipality all data and information required to establish valuations under this subchapter, provided, however, that the municipality shall, at the time of the transfer under § 14-207-104, reimburse the public utility for reasonable costs of appraisal, engineering, and incidental expenses associated with establishing valuation.
AR Code § 14-207-106 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 207 - Valuation of Properties and Facilities Upon Annexation|§ 14-207-106. Exercise of power of eminent domain

 (a) At the conclusion of the six-month notification period, in the event that agreement is not reached pursuant to § 14-207-103(a) or (b), or the municipality and the electric public utility disagree on the valuations described in § 14-207-104, but no later than three (3) years from certification of annexation or three (3) years from termination of any franchise agreement authorized by this subchapter, the municipality may, after paying, or, if applicable, commencing payment of, any amounts not in dispute and depositing into the registry of the court the amount in dispute, or such lesser amounts as the court, after hearing, determines to be just, exercise the right and power of eminent domain under the procedures of § 18-15-301 et seq., and may take possession of the properties and facilities and commence service to the customers as of the date it makes the deposit; provided, however, that any compensation or damages for the properties, facilities, and customers taken shall be determined in accordance with § 14-207-104.  (b) The date of taking for the purposes of this subchapter shall be either the date the deposit authorized by this section is made or, in the event no deposit is made, the date of the court award.
AR Code § 14-208-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 208 - Valuation of Rural Water Service Properties and Facilities Upon Annexation|§ 14-208-101. Definitions

 As used in this chapter:   (1) “Municipality” means both Arkansas municipal corporations and consolidated municipal water improvement districts; and  (2) “Rural water service” means any entity under Arkansas law that is not owned by a municipality and is a water association, water improvement district, or water authority.
AR Code § 14-208-103 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 208 - Valuation of Rural Water Service Properties and Facilities Upon Annexation|§ 14-208-103. Procedures and valuation formula

 (a)  (1)  (A) If an agreement under § 14-208-102 cannot be reached, the municipality and the rural water service shall each select one (1) qualified appraiser, and the two (2) appraisers selected shall then select a third appraiser for the purpose of conducting appraisals to determine the value of customers, distribution properties, and facilities of the rural water service annexed by the municipality.  (B) The value of customers, distribution properties, and facilities of the rural water service annexed by the municipality shall be determined by using the factors set out in § 15-22-223(b)(2)(B).    (2) The agreement or decision of at least two (2) of the three (3) appraisers is the value.  (3) If either the municipality or the rural water service is dissatisfied with the decision of the appraisers, either may institute an action in circuit court to challenge the reasonableness of the value determined by the appraisers.    (b) The compensation required by this section shall be paid:  (1) To the rural water service at a time not later than one hundred twenty (120) days following the date upon which the value is certified;  (2) At a later date as mutually agreed upon by the parties; or  (3) As determined by the circuit court.
AR Code § 14-208-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 12 - Public Utilities Generally|Chapter 208 - Valuation of Rural Water Service Properties and Facilities Upon Annexation|§ 14-208-104. Valuation data

 (a) The rural water service shall provide to the municipality all data and information required to establish valuations under this chapter.  (b) Upon execution of an agreement reached under this chapter, the municipality shall reimburse the rural water service for reasonable costs of appraisal and incidental expenses associated with establishing valuation.
AR Code § 14-216-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 216 - General Provisions|§ 14-216-101. Power of improvement districts to finance electric facilities system

 (a) Any improvement district owning and operating any system for the generation, transmission, or distribution of electric power or energy may issue revenue bonds and pledge the revenues derived from the system, whether the revenues are derived from within or beyond the corporate limits of the district, as may be permitted or authorized by applicable law without obtaining the approval of the Arkansas Public Service Commission.  (b) Nothing in this section should be construed to authorize any improvement district to issue or sell bonds or use the proceeds thereof to purchase, condemn, or otherwise acquire a utility plant or distribution system or portion thereof owned or operated by a public utility without the consent of the public utility.
AR Code § 14-217-101 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 217 - General Consolidated Public Utility System Improvement Districts|§ 14-217-101. Title

 This chapter shall be known as the “General Consolidated Public Utility System Improvement District Law.”
AR Code § 14-217-102 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 217 - General Consolidated Public Utility System Improvement Districts|§ 14-217-102. Purpose of chapter

 (a) It has been found and determined by the General Assembly that:  (1) There exists a great deal of uncertainty and confusion in the laws of this state pertaining to municipal improvement districts created for the construction and operation of consolidated utility systems as defined in § 14-217-103;  (2) Some of these districts were created by special acts which can no longer be amended;  (3) The uncertainty and confusion contained in existing laws retards the creation of new districts and the growth and development of existing districts;  (4) This uncertainty and confusion can be corrected only by the enactment of a general law defining and clarifying the functions and powers of such districts.    (b) It is the purpose of this chapter, therefore, to provide a uniform and workable definition of the powers and functions of such districts.
AR Code § 14-217-103 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 217 - General Consolidated Public Utility System Improvement Districts|§ 14-217-103. Definitions

 As used in this chapter:   (1) “Assessment secured bonds” means bonds described in and issued under the authority of § 14-217-109(b);  (2) “Board of commissioners” or “board” means the board of commissioners, board of directors, board of improvement, or other governing board of a district;  (3) “Bonds” means bonds issued under the authority of this chapter, whether assessment secured bonds or revenue bonds;  (4) “City clerk” means city clerk, city recorder, town recorder, or other similar office hereafter created or established;  (5) “Commissioner” means any member of a board of commissioners;  (6) “Consolidated utility district” or “district” means any municipal improvement district created before March 19, 1975, pursuant to special act or general act, or created after March 19, 1975, pursuant to this chapter, for the purpose of constructing or operating and maintaining a consolidated utility system;  (7) “Consolidated utility system”, “consolidated system”, or “system” means any system of public utilities together with any facilities related to or necessary or appropriate to the construction, operation, or maintenance consisting of:  (A) A combined water system and sewer system; or  (B) An electric system consolidated or combined with a water system or with a sewer system;    (8) “Construct” or “construction” means to acquire, construct, reconstruct, extend, improve, install, or equip any system or portion thereof;  (9) “Electric system” means any system for the production, generation, transmission, or delivery of electricity;  (10) “Governing body” means the council, board of directors, commission, or other governing body of a municipality;  (11) “Major utility facility” or “major facility” means any electric generating plant or bulk water supply facility and related necessary appurtenant land and land rights, substation, fuel, fuel handling and storage equipment, and similar necessary equipment;  (12) “Municipality” means any city of the first class, city of the second class, or incorporated town;  (13) “Person” means any natural person, firm, corporation, association, public agency located within or outside the State of Arkansas, or other legally recognized entity;  (14) “Public utility corporation” means any public utility as defined in § 23-1-101;  (15) “Revenue bonds” means bonds described in and under the authority of § 14-217-109(c);  (16) “Sewer system” means any system for the collection, transmission, treatment, or disposal of liquid or solid industrial or domestic waste; and  (17) “Water system” means any system for the acquisition, treatment, storage, transmission, or delivery of water.
AR Code § 14-217-104 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 217 - General Consolidated Public Utility System Improvement Districts|§ 14-217-104. Application and construction of chapter

 (a) This chapter shall apply to any consolidated utility district already created and to any consolidated utility district which may be created pursuant to this chapter.  (b) This chapter shall constitute the complete and sole necessary authority to carry out the purposes of this chapter.  (c) This chapter is intended as supplemental to all other laws which authorize any of the purposes described in this chapter. This chapter may be relied upon and used as an alternative to any other laws by a consolidated utility district, without the necessity of compliance with the requirements of the other laws, in the accomplishment of any of the purposes described in this chapter.  (d) Nothing in this chapter shall be construed to reduce or take away any of the powers conferred prior to March 19, 1975 upon any district by special act or judicial decree.  (e) Except as provided in this subsection, the form of government or administration of any district as established by or pursuant to the authority of any special act or judicial decree before March 19, 1975, including the composition of and the method of selection of the members of any board of commissioners, shall continue in full force and effect as so established and all of which are ratified and confirmed. However, any member of any board of commissioners of any such district who has prior to March 19, 1975 been elected by the owners of real property within the district shall after March 19, 1975, commencing with the next regular election for the member prescribed by general or special law applicable to the district, be elected by all persons who are qualified electors of the municipality served by the district in which they reside, each resident to have one (1) vote. In any district in which commissioners are elected, the ownership of real property in the district shall not be a qualification to hold the office of commissioner. Nothing in this chapter shall be construed to affect or impair any action taken before March 19, 1975 by any board of commissioners of any such district or any bonds or other obligations issued prior to March 19, 1975 by any district, all of which are validated, ratified, and confirmed.  (f) Nothing in this chapter shall be construed to confer upon any district any power which by the Arkansas Constitution may be conferred only with the approval of a required portion of the owners of real property in the district unless approval has been or is acquired.  (g) Nothing in this chapter shall be construed to authorize any district or any municipality to issue or sell bonds or use the proceeds thereof to purchase, condemn, or otherwise acquire a utility system or part thereof owned or operated by a public utility corporation without the consent of the public utility corporation.
AR Code § 14-217-107 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 217 - General Consolidated Public Utility System Improvement Districts|§ 14-217-107. Rights and powers of districts pertaining to assessments, repairs, and sale of property

 (a) Any district, whether created before or after March 19, 1975, shall be governed by and shall have the rights and powers conferred by the provisions of §§ 14-92-201, 14-92-203 — 14-92-208, 14-92-210 — 14-92-232, 14-92-235 — 14-92-239 in particular §§ 14-92-201, 14-92-207, 14-92-208, 14-92-216, 14-92-221, 14-92-223 — 14-92-232, 14-92-235 — 14-92-239, as they pertain to appointment of an assessor, assessment of benefits, filing of assessments of benefits, giving of notices, reassessment of benefits, levy of assessments and taxes, payment and collection of assessments and taxes, enforcement of delinquent assessments, accrual of interest on assessments, preservation and repair of systems, and sale of property.  (b) No assessment of benefits shall be levied except with the approval of two-thirds (2/3) in assessed value, as shown by the last county assessment and the deed records in the office of the circuit clerk and ex officio recorder, of the owners of real property in the district. This approval may, however, be reflected by the petition referred to in § 14-217-105(a). Subject to such approval, nothing in this chapter shall be construed to limit the number of assessments that may be levied by a district.  (c) Any assessment of benefits imposed pursuant to this chapter, and any taxes collected thereon, may be pledged to secure the payment of assessment-secured bonds issued under this chapter or used to accomplish any of the purposes authorized by this chapter, including without limitation the operation and maintenance of any consolidated utility system.
AR Code § 14-217-108 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 217 - General Consolidated Public Utility System Improvement Districts|§ 14-217-108. Location of consolidated system

 (a) Subject to the provisions of subsection (b) of this section, any consolidated system or major facility constructed or financed under the authority of this chapter, whether constructed or financed by a district alone or in a joint or cooperative undertaking pursuant to § 14-217-106(5), may, subject to § 14-200-111, be constructed, wholly or partly, at such locations as, in the judgment of the board of commissioners, best serves the owners of real property within the district and the users of the consolidated system, whether within or without the boundaries of the district and whether within or without the municipality or the county within which the district is located.  (b) Anything contained in this chapter to the contrary notwithstanding, nothing contained herein, including, without limitation, subdivisions (3)-(5) of § 14-217-106 and subsection (a) of this section, shall be construed to authorize any district to acquire or construct any property or facility outside the boundaries of the municipality in which it is located for the operation of an electric system or any portion thereof or to enter into any lease, contract, or agreement concerning any such property or facility except for the production, generation, or bulk transmission of electricity for the use of the district.  (c) No restriction or limitation contained in this section shall be construed to reduce or take away or to restrict any district in the exercise of any power conferred upon the district by any other act or law or any judicial decree heretofore entered.
AR Code § 14-217-109 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 217 - General Consolidated Public Utility System Improvement Districts|§ 14-217-109. Payment of costs — Authority to use funds and revenues and to issue bonds

 (a) Consolidated utility districts are authorized to use any available funds and revenues to pay and provide for costs of accomplishing any of the purposes authorized by this chapter and are authorized to sell and issue bonds and to use the proceeds thereof to pay and provide for costs of accomplishing construction under this chapter, either alone or with other available funds and revenues. The amount of bonds issued shall be sufficient to pay all costs of accomplishing the construction, all costs of issuing the bonds, amounts necessary for reserves, if desirable, the amount necessary to provide for debt service on the bonds until funds for the payment thereof are available, and any other costs of whatever nature necessary or appropriate to the accomplishment of the construction.  (b)  (1) Bonds issued by the district may be assessment-secured bonds. The district may pledge for the security and payment of assessment-secured bonds all or any specified portion of the uncollected assessments of benefits levied by the district. As additional security, the district may pledge for the security and payment of assessment-secured bonds all or any specified portion of the revenues including, without limitation, lease rentals, derived or to be derived by the district from any systems owned or operated by the district.  (2) In the resolution or trust indenture authorizing or securing assessment-secured bonds, the district may provide for suspension of collection of assessments or taxes and the use of other funds or revenues for payment of such bonds, upon terms and conditions set forth in the resolution or trust indenture.    (c)  (1) Bonds issued by the district may be revenue bonds. The district may pledge for the security and payment of revenue bonds all or any specified portion of the revenues including, without limitation, lease rentals derived or to be derived by the district from any systems owned or operated by the district.  (2) In this regard, but without limiting the generality of the foregoing, the district is authorized to issue revenue bonds for the purpose of financing construction of one (1) or more separate and distinct systems and to pledge to the revenue bonds, either by direct cross pledge or by pledge of surplus revenues, all or any specified portion of the revenues derived or to be derived from other systems owned or operated by the district.    (d) Subject to covenants and agreements entered into under the authority of this chapter or other laws, any district may use any of its revenues for any lawful purpose.
AR Code § 14-217-111 (2020)
2020 Arkansas Code|Title 14 - Local Government|Subtitle 13 - Public Utility Improvement Districts|Chapter 217 - General Consolidated Public Utility System Improvement Districts|§ 14-217-111. Bonds — Mortgage lien

 (a) The resolution or trust indenture authorizing or securing any bonds issued hereunder may impose a foreclosable mortgage lien upon the system constructed in whole or in part with the proceeds thereof.  (b) The nature and extent of the mortgage lien may be controlled by the resolution or trust indenture including, without limitation, provisions pertaining to the release of all or part of the system from the mortgage lien and the priority of the mortgage lien in the event of the issuance of additional bonds.  (c) Subject to such terms, conditions, and restrictions as may be contained in the resolution or trust indenture, any holder of bonds issued under this chapter or of any coupon attached thereto may, either at law or in equity, enforce the mortgage lien and may, by proper suit, compel the performance of the duties of the officials of the district set forth in the resolution or trust indenture authorizing or securing the bonds.