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Arkansas Code Title 25. State Government § 25-20-425. Sham transactions prohibited

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

(a) An authority created pursuant to this subchapter shall be prohibited from engaging in any sham transaction.

(b) For the purposes of this section, a “sham transaction” means the acquisition or construction of an electric project authorized by this subchapter for the purpose of:

(1) A subsequent sale or transfer of the electric project to any municipal electric utility, public utility, or other person engaged in the selling or distributing of electricity to consumers other than a municipal electric utility, public utility, or other person engaged in selling or distributing electricity to consumers that was selling or distributing electricity to consumers on July 16, 2003; or

(2) Providing electric service directly to an end user.

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Cite this article: FindLaw.com - Arkansas Code Title 25. State Government § 25-20-425. Sham transactions prohibited - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-25-state-government/ar-code-sect-25-20-425/

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