§ 14-59-116 - Semiannual publication of financial statement. - Arkansas Statutes

14-59-116. Semiannual publication of financial statement.

(a) (1) The governing body of each municipality shall, semiannually, cause to be published one (1) time in one (1) legal newspaper of general circulation in the municipality a financial statement of the municipality, including the receipts and expenditures for that period and a statement of the indebtedness and financial condition of the municipality.

(2) This financial statement shall be at least as detailed as the minimum record of accounts as provided in this chapter.

(3) This financial statement, for the first six (6) months of the calendar year, shall be published by September 1. The financial statement for the last six (6) months of the calendar year shall be published by March 1 of the following year.

(b) In incorporated towns where no newspaper is published, written or printed notice posted in five (5) of the most public places in the municipality shall be deemed a sufficient publication of the financial statement provided for in this section.