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62 chapters · 2,555 sections in this title.
Ark. Code Ann. § 6-20-806 Revolving loan bonds and certificates of indebtedness
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(a) (1) Each such loan that is to be amortized or paid in full, both principal and interest, within or at the end of ten (10) years from the date of its approval by the State Board of Education shall be evidenced by the school district's obligations that shall be designated and k…
Ark. Code Ann. § 6-20-807 Pledge to secure payment of obligation
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(a) For the purpose of fully securing revolving loan bonds or revolving loan certificates of indebtedness, the issuing school district may pledge any one (1) or more of the following, as shall be determined by the State Board of Education, as a condition precedent to the making o…
Ark. Code Ann. § 6-20-808 Pledge of ad valorem tax levy — Duty of county officers
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(a) (1) In each instance in which a loan from the Revolving Loan Fund is to be secured in whole or in part from the proceeds of taxes to be collected from a continuing ad valorem tax levy to be approved by a majority of the qualified electors of the district voting on the proposi…
Ark. Code Ann. § 6-20-809 Loans secured by district sources other than ad valorem tax levy
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(a) In each instance in which a loan from the Revolving Loan Fund is to be secured in whole by funds derived from sources other than from a specifically voted continuing ad valorem tax levy on the taxable real and personal property within the bounds of the school district, the bo…