Arkansas § 6-20-1216 Refunding bonds - Authority to use

Arkansas Statutes

§ 6-20-1216 — Refunding bonds - Authority to use

Arkansas § 6-20-1216

Title6

This text of Arkansas § 6-20-1216 (Refunding bonds - Authority to use) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 6-20-1216 (2026).

Text

(a)Any school district of Arkansas shall have the right, subject to procedural rules adopted by the Division of Elementary and Secondary Education, to refund its bonds outstanding at any time. Any division rule that would prevent or delay a school district from refunding outstanding bonds may be waived by the Commissioner of Elementary and Secondary Education or the commissioner's designee provided that the commissioner or the commissioner's designee determines that it is in the best interest of the school district to proceed with the refunding immediately.

(b)This shall include the right to refund any loan it may at any time have outstanding from the Revolving Loan Fund.

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(a) Any school district of Arkansas shall have the right, subject to procedural rules adopted by the Division of Elementary and Secondary Education, to refund its bonds outstanding at any time. Any division rule that would prevent or delay a school district from refunding outstanding bonds may be waived by the Commissioner of Elementary and Secondary Education or the commissioner's designee provided that the commissioner or the commissioner's designee determines that it is in the best interest of the school district to proceed with the refunding immediately. (b) This shall include the right to refund any loan it may at any time have outstanding from the Revolving Loan Fund.

Legislative History

Amended by Act 2019, No. 315,§ 287, eff. 7/24/2019. Amended by Act 2019, No. 910,§ 1620, eff. 7/1/2019. Acts 1941, No. 95, § 1; A.S.A. 1947, § 80-1123; Acts 1999, No. 1046, § 3.