Statutes > Arkansas Statutes > Title 14 - Local Government > Subtitle 5 - Improvement Districts Generally > Chapter 95 - Urban Service District > Subchapter 3 - Modification or Dissolution > § 14-95-301 - Modification or dissolution -- Prohibitions -- Exception.

§ 14-95-301 - Modification or dissolution -- Prohibitions -- Exception.

14-95-301. Modification or dissolution -- Prohibitions -- Exception.

(a) Once an urban service district has incurred bond indebtedness, it shall not be dissolved or modified in any respect until all bonds are retired.

(b) This prohibition shall not prevent the creation of a new or additional district with boundaries larger, smaller, or coextensive with, an existing urban service district.