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Arkansas Code Title 14. Local Government § 14-88-309. Unlawful interest in contracts

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) It shall be unlawful for any board of improvement, or any member thereof, in any city or town in this state to be interested, either directly or indirectly, in any contract made by the board for, or on behalf of, any improvement district.

(b) Any person violating the provisions of this section commits a felony and shall be:

(1) Fined in any sum not less than five hundred dollars ($500) nor more than five thousand dollars ($5,000); and

(2) Imprisoned in the state penitentiary not less than one (1) year nor more than ten (10) years.

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Cite this article: FindLaw.com - Arkansas Code Title 14. Local Government § 14-88-309. Unlawful interest in contracts - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-14-local-government/ar-code-sect-14-88-309/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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