Arkansas § 6-23-905 Loan decision

Arkansas Statutes

§ 6-23-905 — Loan decision

Arkansas § 6-23-905

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This text of Arkansas § 6-23-905 (Loan decision) 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. § 6-23-905 (2026).

Text

(a)The Division of Public School Academic Facilities and Transportation shall review and assess the accuracy of the information provided in each loan application within a reasonable time after receiving a loan application.

(b)(1) After reviewing and considering the merits of the application, the division may:

(A)Approve the loan requested for the full amount;

(B)Approve the loan requested for an amount less than requested; or (C) Deny the loan.

(2)The division shall notify the open-enrollment public charter school in writing of the decision.

(c)An open-enrollment public charter school may apply for and accept a loan from the Open-Enrollment Public Charter School Facilities Loan Fund without prior approval from the Commissioner of Elementary and Secondary Education under § 6-23-401(a)

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(a) The Division of Public School Academic Facilities and Transportation shall review and assess the accuracy of the information provided in each loan application within a reasonable time after receiving a loan application. (b) (1) After reviewing and considering the merits of the application, the division may: (A) Approve the loan requested for the full amount; (B) Approve the loan requested for an amount less than requested; or (C) Deny the loan. (2) The division shall notify the open-enrollment public charter school in writing of the decision. (c) An open-enrollment public charter school may apply for and accept a loan from the Open-Enrollment Public Charter School Facilities Loan Fund without prior approval from the Commissioner of Elementary and Secondary Education under § 6-23-401(a)(5) .