Arkansas Code Title 6. Education § 6-20-1201. Authority to borrow money and issue negotiable bonds

(1) Building and equipping school buildings;

(2) Making additions and repairs to school buildings;

(3) Purchasing sites for school buildings;

(4) Purchasing new or used school buses;

(5) Refurbishing school buses;

(6) Providing professional development and training of teachers or other programs authorized under the federally recognized qualified zone academy bond program, 26 U.S.C. § 1397E;

(7) Paying off outstanding postdated warrants, installment contracts, revolving loans, and lease-purchase agreements, as provided by law; and

(8) In the case of a new school district created under § 6-13-1505: