Ark. Code § 14-186-406
Current with legislation from 2024 effective through May 3, 2024.
The municipalities or counties desiring to avail themselves of the benefit of this subchapter and to join in the issuance of bonds as provided in this subchapter shall have the power to lease the port to an operating person, company, or corporation in such manner and upon such terms as may be deemed to be in the best interest of the municipalities or counties.
Ark. Code § 14-186-406