Arkansas § 6-23-903 Purpose of loan

Arkansas Statutes

§ 6-23-903 — Purpose of loan

Arkansas § 6-23-903

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This text of Arkansas § 6-23-903 (Purpose of loan) 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. § 6-23-903 (2026).

Text

An open-enrollment public charter school may borrow and the Division of Public School Academic Facilities and Transportation may lend money from the Open-Enrollment Public Charter School Facilities Loan Fund for:

(1)The construction, lease, or purchase of an academic facility;

(2)The repair, improvement, or addition to an academic facility; or (3) Credit enhancement for financing academic facility projects under subdivision (1) or subdivision (2) of this section.

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An open-enrollment public charter school may borrow and the Division of Public School Academic Facilities and Transportation may lend money from the Open-Enrollment Public Charter School Facilities Loan Fund for: (1) The construction, lease, or purchase of an academic facility; (2) The repair, improvement, or addition to an academic facility; or (3) Credit enhancement for financing academic facility projects under subdivision (1) or subdivision (2) of this section.