{"data":{"id":"us-ar/ark.-code-ann.-25-20-425","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 25-20-425","heading":"Sham transactions prohibited","body":"(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. Acts 2003, No. 366, § 1.\n\n(a) An authority created pursuant to this subchapter shall be prohibited from engaging in any sham transaction.\n\n(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.\n\n(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\n\n(2) Providing electric service directly to an end user.","path":["AR Code","Title 25","Chapter 20","Subchapter 4"],"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 2026-09-17","retrieved_at":"2026-09-17T21:35:43Z","sha256":"e7ec585b7cb7349e01f50922951da7f05362df5939eaff99aa8e74d23d669bb0","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-25-20-424","next":"us-ar/ark.-code-ann.-25-20-501","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ar","title":"Arkansas Release 78 supplement","text":"Arkansas electronic product files were republished by Public.Resource.Org under a public-domain mark. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ar.code"}]},"notice":"GroundRules: Original legal text. Not legal advice."}