Arkansas Code Title 14. Local Government § 14-184-119. Operation of facility for revenue

(a)(1) Nothing in this subchapter shall be deemed to limit or prohibit the operation of any facility which is a part of the plan of improvement as a revenue-producing facility.

(2) Without limiting the generality of this provision, a central business improvement district may construct, operate, and maintain public restaurants, parking garages, and automobile serving facilities, places of amusement and entertainment, including facilities for the sale of food and refreshments and other similar public facilities, under circumstances which may provide revenues exceeding the cost of the operations of them.

(1) Used to defray the costs of general operation and maintenance of the district;

(2) Used to retire indebtedness of the district; or

(3) Set aside and pledged in separate funds to secure other indebtedness of the district.