{"data":{"id":"us-ar/ark.-code-ann.-23-17-229","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-17-229","heading":"Use of revenues","body":"The revenues of the cooperative shall be devoted to:\n\n(1) The payment of operating and maintenance expenses, the rendition of efficient service, and the creation of adequate depreciation reserves sufficient to maintain the investment in facilities;\n\n(2) The payment of the principal and interest on outstanding obligations;\n\n(3) The payment of dividends on stock issued and outstanding, if any;\n\n(4) The creation of such reserves for improvements, construction, and contingencies as the board from time to time may prescribe; and\n\n(5) Any other purposes authorized by law.","path":["AR Code","Title 23","Chapter 17","Subchapter 2"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"934e652a4494ee0ee3d769a7f524bec87037177b1ca462b6a3620df4765509f0","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-17-228","next":"us-ar/ark.-code-ann.-23-17-230"},"notice":"GroundRules: Original legal text. Not legal advice."}