Incorporated towns and cities of the first or second class in the State of Arkansas are empowered and authorized annually to grant financial aid to any public school district in which the town or city is located for the purpose of assisting the school district in retiring school bonds or paying the operating expenses of the district.
Structure Arkansas Code
Subtitle 3 - Municipal Government
Chapter 58 - Fiscal Affairs of Cities and Incorporated Towns
Subchapter 5 - Financial Aid to School Districts
§ 14-58-501. Authority generally
§ 14-58-502. Funds from which payable
§ 14-58-503. Terms of assistance
§ 14-58-504. Financial aid to state colleges and universities