62 chapters · 2,849 sections in this title.
Ark. Code Ann. § 6-20-2514 Academic Facilities Extraordinary Circumstances Program
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(a) The General Assembly finds that:(1) In Lake View School District No. 25 v. Huckabee, 364 Ark. 398 (2005), the Supreme Court raised concerns that some school districts might not receive any state financial assistance with academic facilities projects because the districts migh…
Ark. Code Ann. § 6-20-2515 Review conferences
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(a) At least one hundred twenty (120) days before the application deadline, a district may request and be granted by the Division of Public School Academic Facilities and Transportation a review conference that shall be held within seventy-five (75) days after the date of request…
Ark. Code Ann. § 6-20-2516 [Repealed.]
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A.C.A. § 6-20-2516Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-2517 Nursing center
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(a) Beginning in the 2017-2019 funding cycle for the Academic Facilities Partnership Program, each new application for a new school building or a major renovation to an existing school building that would normally house a nursing office shall include a school nursing center. (b) …
Ark. Code Ann. § 6-20-2518 [Repealed.]
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A.C.A. § 6-20-2518Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-2601 Title
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This subchapter shall be known and may be cited as the “Arkansas Public School Academic Facilities Financing Act of 2007”.
Ark. Code Ann. § 6-20-2602 Definitions
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(1) As used in this subchapter:(1) “Bonds” means any bonds, notes, interim certificates, or other evidences of indebtedness;(2) “Commission” means the Commission for Arkansas Public School Academic Facilities and Transportation or its successor;(3) “Debt service” means principal,…
Ark. Code Ann. § 6-20-2603 Authority to issue bonds
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(a) (1) (A) The Commission for Arkansas Public School Academic Facilities and Transportation is hereby authorized to issue bonds of the State of Arkansas to be known as State of Arkansas Public School Academic Facilities General Obligation bonds, in total principal amount not to …
Ark. Code Ann. § 6-20-2604 Terms and characteristics of bonds
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(a) The bonds shall be issued in series in amounts sufficient to finance all or any part of public school academic facility project costs with the respective series to be designated in alphabetical order, or by the year in which issued, or both. (b) (1) Each series of bonds shall…
Ark. Code Ann. § 6-20-2605 Purpose of bonds
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Bonds issued under this subchapter shall be issued to finance on a temporary or permanent basis or to develop one (1) or more public school academic facility projects, and the proceeds of the bonds shall be applied to the payment of public school academic facility project costs, …
Ark. Code Ann. § 6-20-2606 Resolutions and trust indentures
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(a) The bonds shall be authorized by resolution of the Commission for Arkansas Public School Academic Facilities and Transportation. (b) Each resolution shall contain the terms, covenants, and conditions deemed desirable for the bonds, including without limitation conditions pert…
Ark. Code Ann. § 6-20-2607 Form of bond — Signatures
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(a) Each bond shall:(1) Be signed with the manual or facsimile signatures of the Governor, the members of the Commission for Arkansas Public School Academic Facilities and Transportation, and the Treasurer of State; and(2) Have affixed, imprinted, or lithographed on the bond the …
Ark. Code Ann. § 6-20-2608 Sale of bonds
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(a) The bonds may be sold:(1) Either at public or private sale in a manner and upon such terms as the Commission for Arkansas Public School Academic Facilities and Transportation determines to be reasonable and expedient for the purposes for which the commission was created; and(…
Ark. Code Ann. § 6-20-2609 Proceeds of bonds
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(a) The proceeds from the sale of the bonds shall be deposited by the recipient thereof, as received, into trust funds either established in the State Treasury or into accounts established outside the State Treasury in the name of the Commission for Arkansas Public School Academi…
Ark. Code Ann. § 6-20-2610 Full faith and credit of state pledged to repay bonds
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The bonds shall be the direct general obligations of the state for the payment of debt service on which the full faith and credit of the state are irrevocably pledged so long as any such bonds are outstanding. The bonds shall be payable from the general revenues of the state, and…
Ark. Code Ann. § 6-20-2611 Payment of debt service on the bonds
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(a) (1) On or before the commencement of each fiscal year, the Chief Fiscal Officer of the State shall determine the estimated amount required for payment of all or a part of the debt service on the bonds issued under this subchapter during the fiscal year to determine what amoun…
Ark. Code Ann. § 6-20-2612 Bonds exempt from state, county, and municipal taxes
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Bonds and the interest on the bonds issued under this subchapter are exempt from state, county, and municipal taxes, including income taxes, inheritance taxes, and property taxes. The bonds shall be eligible to secure deposits of all public funds and shall be legal for investment…
Ark. Code Ann. § 6-20-2613 Refunding bonds
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(a) (1) Bonds may be issued under this subchapter to refund any outstanding bonds issued under this subchapter.(2) Bonds issued under this section:(A) Do not require the Commission for Arkansas Public School Academic Facilities and Transportation to submit a written plan to the G…
Ark. Code Ann. § 6-20-2614 Additional powers of commission
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In addition to powers conferred under other laws, the Commission for Arkansas Public School Academic Facilities and Transportation may take appropriate action to carry out the purposes of this subchapter.
Ark. Code Ann. § 6-20-2615 No impairment of bond obligations
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(a) This subchapter constitutes a contract between the state and the registered owners of all bonds issued under this subchapter. (b) The contract shall never be impaired, and any violation of its terms whether under purported legislative authority or otherwise shall be enjoined …
Ark. Code Ann. § 6-20-2616 No obligations until bonds issued
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This subchapter shall not create any right of any character unless the first series of bonds authorized by this subchapter has been sold and delivered.
Ark. Code Ann. § 6-20-2617 Election
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(a) (1) (A) Bonds shall not be issued under this subchapter except with the consent of a majority of the qualified electors of the state voting on the question in substantially the form described in this section at any general election as determined by the Governor, unless the Go…
Ark. Code Ann. § 6-20-2618 Effect of election
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(a) If a majority of the qualified electors voting on the question vote for the issuance of the bonds, the Commission for Arkansas Public School Academic Facilities and Transportation shall proceed with the sale and the issuance of the bonds as provided in this subchapter. (b) If…
Ark. Code Ann. § 6-20-2619 No waiver of previous authority to issue bonds
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This subchapter shall not constitute a waiver of the authority to issue bonds under any other legislation authorizing the issuance of bonds for similar purposes.
Ark. Code Ann. § 6-20-2620 Severability
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If, for any reason, any section or provision of this subchapter shall be held to be unconstitutional or invalid for any reason, such holding shall not effect the remainder of this subchapter, but this subchapter, insofar as it is not in conflict with the Arkansas Constitution or …
Ark. Code Ann. § 6-20-2621 Cases involving bonds
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A case involving the validity of this subchapter or involving the bonds issued under this subchapter shall be deemed of public interest and shall be advanced by all courts and heard as a preferred cause, and all appeals from judgments or decrees rendered in such cases shall be ta…
Ark. Code Ann. § 6-20-2622 Construction of subchapter
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(a) This subchapter shall be liberally construed to accomplish its purposes. This subchapter shall constitute the sole authority necessary to accomplish the purposes of this subchapter, and to this end it shall not be necessary that the provisions of other laws pertaining to the …
Ark. Code Ann. § 6-20-2623 Issuance of bonds
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No bonds shall be issued under this subchapter before July 1, 2009.
Ark. Code Ann. § 6-20-2701 Title
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This subchapter shall be known and may be cited as the “Transportation Modernization Grant Program”.
Ark. Code Ann. § 6-20-2702 Creation
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(1) There is established the Transportation Modernization Grant Program for:(1) Public school districts;(2) Open-enrollment public charter schools;(3) Early childhood care and education programs or their local early childhood coordinators; and(4) Cities, towns, or other entities …
Ark. Code Ann. § 6-20-2703 Department of Education — Duties — Reports
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(a) The Department of Education shall:(1) Develop a modernization grant application and application procedures for the Transportation Modernization Grant Program, including defining which public school districts are rural and remote, that require a grant applicant to explain how …
Ark. Code Ann. § 6-20-2704 Transportation Modernization Grant Program grants
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(1) The Transportation Modernization Grant Program grants shall be used for the following purposes without limitation:(1) Transportation resource sharing with neighboring public school districts or open-enrollment public charter schools;(2) Developing or contracting with rideshar…
Ark. Code Ann. § 6-20-312 [Repealed.]
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A.C.A. § 6-20-312Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-321 [Repealed.]
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A.C.A. § 6-20-321Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-322 [Repealed.]
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A.C.A. § 6-20-322Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-401 Definitions
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(1) As used in this subchapter:(1) “Current indebtedness” means a debt obligation incurred by a school district for the purpose of paying maintenance or general operation expenses for the fiscal year in which the debt is incurred or for a purpose for which a postdated warrant, in…
Ark. Code Ann. § 6-20-402 Limitation on current indebtedness — Postdated warrants and installment contracts — Liability
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(a) (1) (A) The amount of obligations incurred by a school district for any school fiscal year shall not be in excess of the revenue receipts of the district for that year except as provided in this section and in § 6-20-801 et seq. (B) A school district or public charter school …
Ark. Code Ann. § 6-20-403 Authority to draw warrants — Countersignature
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The school district board of directors is authorized to draw warrants on the county treasurer when the county treasurer serves as treasurer of the school district for all funds to be disbursed by it, such warrants to be countersigned by the agent authorized under § 6-17-918, as c…
Ark. Code Ann. § 6-20-404 Issuance of warrants to pay school bonds — Description of indebtedness
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(a) All maturities of principal and interest of school bonds shall be paid by issuing warrants against the funds authorized by law for paying bonded indebtedness. (b) A description of the bonded debt that is being paid shall be written on the face of each warrant issued for this …
Ark. Code Ann. § 6-20-405 Energy savings contract — Definitions
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(a) As used in this section:(1) (A) “Energy savings contract” means a contract for the implementation of one (1) or more energy conservation measures as defined in § 6-20-401 and shall include an investment grade preinstallation energy audit and analysis.(B) The contract may prov…
Ark. Code Ann. § 6-20-406 [Repealed.]
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A.C.A. § 6-20-406Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-407 [Repealed.]
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A.C.A. § 6-20-407Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-408 [Repealed.]
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A.C.A. § 6-20-408Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-409 Petty cash fund
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(a) In order to simplify and expedite fiscal affairs of school districts relating to the payment of miscellaneous items of expenditures incident to their operation, any school district is authorized to create a fund for each school within a district to be known as the “petty cash…
Ark. Code Ann. § 6-20-410 School fiscal year
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The school fiscal year for Arkansas shall consist of the twelve-month period beginning July 1 and ending on the following June 30.
Ark. Code Ann. § 6-20-411 Interest-free loans from federal agencies
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(a) (1) The public school districts of this state are authorized to accept interest-free loans from agencies of the United States Government if incurring the indebtedness is approved by the State Board of Education.(2) The state board shall not grant its approval unless it is sat…
Ark. Code Ann. § 6-20-412 Nonrecurring salary payments
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(a) A school district in this state may pay licensed personnel a nonrecurring salary payment from revenues not considered to be recurring sources of revenue. (b) A nonrecurring salary payment under this section shall not increase the base salary of the recipient for purposes of c…
Ark. Code Ann. § 6-20-413 [Repealed.]
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A.C.A. § 6-20-413Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-414 Public-public partnerships — Definition
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(a) As used in this section, “public-public partnership” means a project delivery method in which a school district may enter into a contract to partner with another governmental agency, political subdivision, or institution of higher education to meet a clearly defined need for …
Ark. Code Ann. § 6-20-417 Student awards — Definition
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(a) (1) As used in this section, “net athletic event gate receipts” means the amount remaining from fees, including charges for reserved seating, collected for admission to a school district athletic event less any expenses, including any rental fee or any leasing cost for a faci…