[§708-8253]  Arson in the third degree.  (1)  A person commits the offense of arson in the third degree if the person intentionally or knowingly sets fire to or causes to be burned property and:

     (a)  Negligently places another person in danger of death or bodily injury; or

     (b)  Knowingly or recklessly damages the property of another, without the other's consent, in an amount exceeding $500.

     (2)  Arson in the third degree is a class C felony. [L 2006, c 181, pt of §1]