Arkansas Code
Subchapter 9 - Open-Enrollment Public Charter School Facilities Loan Fund
§ 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 (2) of this section.