Arkansas § 6-23-903 Purpose of loan

Arkansas Statutes

§ 6-23-903 — Purpose of loan

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.

Arkansas § 6-23-903 (Purpose of loan) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.