Arkansas Code Title 6. Education § 6-20-804. Application

(A) The name, number, and location of the school district;

(B) The date and place of the meeting of the board of directors at which action was taken authorizing its chair or president, and secretary to make formal application for a loan;

(C) The purpose for which the proceeds of the loan would be used;

(D) The amount of the assessed valuation of both real and personal property within its boundaries for the then-current year;

(E) The estimated amount that it proposes to borrow, together with supporting evidence upon which the estimate is based;

(F) A detailed description of its valid outstanding debt, both funded and unfunded, itemizing the respective amounts thereof, and a statement setting forth the security, if any, pledged to the payment of each classification of the debt;

(G) The method that it proposes to adopt to secure, and to amortize, any proposed borrowing from the fund; and

(H) Such additional information as may be required by the state board.