Arkansas § 6-20-812 Interest and payments of principal deposited into State Treasury

Arkansas Statutes

§ 6-20-812 — Interest and payments of principal deposited into State Treasury

Arkansas § 6-20-812

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This text of Arkansas § 6-20-812 (Interest and payments of principal deposited into State Treasury) 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. § 6-20-812 (2026).

Text

(a)Subject to the provisions of subsection (b) of this section, all interest received on securities held in the Revolving Loan Fund shall be deposited into the State Treasury and credited to the Permanent School Revolving Loan Fund.

(b)In the event of the sale of any school district obligations pursuant to § 6-20-811 , all principal and interest payments on such school district obligations shall be regarded and treated as cash funds and shall not be deposited into the State Treasury, but shall be deposited into a bank or banks approved by the Commissioner of Elementary and Secondary Education.

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(a) Subject to the provisions of subsection (b) of this section, all interest received on securities held in the Revolving Loan Fund shall be deposited into the State Treasury and credited to the Permanent School Revolving Loan Fund. (b) In the event of the sale of any school district obligations pursuant to § 6-20-811 , all principal and interest payments on such school district obligations shall be regarded and treated as cash funds and shall not be deposited into the State Treasury, but shall be deposited into a bank or banks approved by the Commissioner of Elementary and Secondary Education.