Skip to main content
Find a Lawyer

Arkansas Code Title 6. Education § 6-20-411. Interest-free loans--Approval by State Board of Education

Current as of March 28, 2024 | Updated by Findlaw Staff

(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 satisfied that the projected revenues and expenses of the school district during the duration of the loan indicate that the school district will be able to retire the debt.

(b) Furthermore, all such loans accepted by public school districts before June 12, 1987, are ratified and declared valid.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arkansas Code Title 6. Education § 6-20-411. Interest-free loans--Approval by State Board of Education - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-6-education/ar-code-sect-6-20-411/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard