No school district identified in fiscal distress may incur any debt without the prior written approval of the Division of Elementary and Secondary Education.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 19 - Arkansas Fiscal Assessment and Accountability Program
§ 6-20-1904. Indicators of fiscal distress
§ 6-20-1905. Notification and appeal
§ 6-20-1906. Classification of fiscal distress status
§ 6-20-1908. Fiscal distress plan
§ 6-20-1909. Division fiscal distress actions
§ 6-20-1910. State board actions
§ 6-20-1912. Fiscal support and monitoring