Ark. Code Ann. § 14-87-103: Jurisdiction over proceedings

(a) The proceedings prescribed by any special or general law for the refunding of any improvement district bonds or the reorganization of any improvement district may be begun and had in the chancery court of the proper county the same as in any county or circuit court provided by law under which the district was originally created.

(b) Chancery courts are given complete jurisdiction to hear and determine these matters.