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Subchapter 1 - General Provisions
§ 6-20-102. Guidance program — State aid - (a) A school district may initiate a minimum of a...
§ 6-20-103. Electronic warrants transfer system - (a) (1) The Chief Fiscal Officer of the State, the...
§ 6-20-104. Reimbursement for educational services provided in juvenile detention facilities — Definition - (a) (1) As used in this section, “juvenile detention facility”...
§ 6-20-107. Educational cost reimbursement prohibition — Definition - (a) As used in this section, “juvenile” means a person...
Subchapter 2 - Management and Apportionment of Funds Generally
§ 6-20-202. Land Sales Fund - When the Treasurer of State receives the following proceeds from...
§ 6-20-203. Public School Fund — Creation and management - (a) (1) At the end of each fiscal year, the...
§ 6-20-204. Public School Fund — Sources and purpose - (a) The annual interest and income derived from the Public...
§ 6-20-205. Public School Fund — Arkansas History Textbook Revolving Fund - (a) The State Board of Education is authorized to publish...
§ 6-20-206. Public School Fund — Priority of funding - In determining the allocation of available funds to the various...
§ 6-20-211. Public School Fund — Carryover balances - The State Board of Education shall have the authority to...
§ 6-20-215. General school fund — Sources generally - The general school fund of any county shall be composed...
§ 6-20-216. General school fund — Apportionment generally - The county treasurer shall apportion the general school fund of...
§ 6-20-217. General school fund — Funds of doubtful application - The quorum court of any county is authorized to place...
§ 6-20-218. Federal funds and National Forest Reserve Fund — Apportionment to counties in national forests - (a) All moneys received by the counties for the support...
§ 6-20-221. County treasurer's commission on school funds — Exceptions - (a) Unless otherwise provided by law, the county treasurer shall...
§ 6-20-222. Deposit of school funds — Security - (a) All general deposits of school funds in banks shall...
§ 6-20-223. Noncredit remedial courses - (a) Noncredit remedial courses of instruction taken by a student...
§ 6-20-224. Federal turnback funds - Any federal mineral leasing funds, federal forest reserve funds, federal...
§ 6-20-225. Loan or transfer repayment - Notwithstanding the provisions of § 19-5-501 et seq., or any...
Subchapter 4 - District Finances
§ 6-20-401. Definitions - As used in this subchapter: (1) “Current indebtedness” means a...
§ 6-20-402. Limitation on current indebtedness — Postdated warrants and installment contracts — Liability - (a) (1) (A) The amount of obligations incurred by a...
§ 6-20-403. Authority to draw warrants — Countersignature - The school district board of directors is authorized to draw...
§ 6-20-404. Issuance of warrants to pay school bonds — Description of indebtedness - (a) All maturities of principal and interest of school bonds...
§ 6-20-405. Energy savings contract — Definitions - (a) As used in this section: (1) (A) “Energy savings...
§ 6-20-409. Petty cash fund - (a) In order to simplify and expedite fiscal affairs of...
§ 6-20-410. School fiscal year - The school fiscal year for Arkansas shall consist of the...
§ 6-20-411. Interest-free loans from federal agencies - (a) (1) The public school districts of this state are...
§ 6-20-412. Nonrecurring salary payments - (a) A school district in this state may pay licensed...
§ 6-20-414. Public-public partnerships — Definition - (a) As used in this section, “public-public partnership” means a...
§ 6-20-415. Consultants - (a) The Division of Elementary and Secondary Education in consultation...
§ 6-20-416. Desegregation funding - (a) The Division of Elementary and Secondary Education and the...
§ 6-20-417. Student awards — Definition - (a) (1) As used in this section, “net athletic event...
Subchapter 5 - Funds for Children with Disabilities and Foster Children
§ 6-20-501. Legislative determination - The General Assembly recognizes that: (1) Under present laws and...
§ 6-20-502. Definitions - As used in this subchapter: (1) (A) “Child living in...
§ 6-20-503. Rules - The State Board of Education shall adopt reasonable rules for...
§ 6-20-504. Children living in foster homes - (a) A school district shall ensure the continuity of educational...
§ 6-20-505. Children with disabilities — Receiving district's request for funds - (a) Whenever any child with disabilities attends or seeks to...
§ 6-20-506. Children with disabilities — Approval or rejection of request - (a) Within thirty (30) days after receiving a request for...
§ 6-20-507. Children with disabilities — Hearing before hearing officer - (a) (1) Upon receipt of the written response, the requesting...
§ 6-20-508. Children with disabilities — Hearing and ruling by State Board of Education - (a) (1) If a hearing by the State Board of...
§ 6-20-509. Children with disabilities — Sending district's refusal to pay - If the ruling of the State Board of Education provides...
§ 6-20-510. Confidentiality of records - All files and records that are required by the laws...
Subchapter 6 - Local School District Isolated Funding
§ 6-20-601. Qualifications for receiving isolated funding — Definition - (a) As used in this section, “isolated school district” means...
§ 6-20-602. Isolated schools — Definition - (a) “Isolated school” means a school within a school district...
§ 6-20-603. Continued support of isolated school districts - (a) Upon the effective date of consolidation, annexation, or reorganization,...
§ 6-20-604. Additional funding - (a) The General Assembly finds that school districts that contain...
Subchapter 7 - School Lunch Program
§ 6-20-701. Definitions - As used in this subchapter: (1) “School” means public tax-supported...
§ 6-20-702. Administration generally - (a) The State Board of Education may enter into such...
§ 6-20-703. Disposition of federal funds - (a) The State Board of Education is authorized to accept...
§ 6-20-704. Regulation and supervision of accounts, records, and operations - (a) The State Board of Education shall prescribe rules for...
§ 6-20-705. Studies and appraisals — Reports - The State Board of Education is authorized, to the extent...
§ 6-20-706. Acceptance of gifts - The State Board of Education and any school district may...
§ 6-20-707. Use of funds by school districts - Pursuant to any power of school districts to operate or...
§ 6-20-708. Appropriation of state funds authorized - There is authorized to be appropriated from time to time...
§ 6-20-709. School lunch menus - (a) In addition to following the dietary guidelines of the...
Subchapter 8 - Revolving Loan Program — General Provisions
§ 6-20-801. Continuance of Revolving Loan Fund - (a) The fund in the State Treasury known as the...
§ 6-20-802. Purposes of loan - Subject to the conditions and limitations contained in this subchapter,...
§ 6-20-803. Loans to local school districts - (a) The maximum amount of money a local school district...
§ 6-20-804. Application for loan - (a) (1) The board of directors of any school district...
§ 6-20-805. Approval, partial approval, or disapproval of loans - (a) (1) Within a reasonable time after its receipt, each...
§ 6-20-806. Revolving loan bonds and certificates of indebtedness - (a) (1) Each such loan that is to be amortized...
§ 6-20-807. Pledge to secure payment of obligation - (a) For the purpose of fully securing revolving loan bonds...
§ 6-20-808. Pledge of ad valorem tax levy — Duty of county officers - (a) (1) In each instance in which a loan from...
§ 6-20-809. Loans secured by district sources other than ad valorem tax levy - (a) In each instance in which a loan from the...
§ 6-20-810. Certificate of approval — Instrument negotiable - (a) Whenever all of the conditions required by this law...
§ 6-20-811. Delivery of obligations — Drawing and receipt of warrant — Use of funds - (a) All such obligations shall be delivered to the State...
§ 6-20-812. Interest and payments of principal deposited into State Treasury - (a) Subject to the provisions of subsection (b) of this...
§ 6-20-813. Principal and interest charge against revenues of school district - Principal and interest maturities of obligations issued under the provisions...
§ 6-20-814. Default or threatened default - (a) In the event of a default or threatened default...
§ 6-20-815. Refunding obligations - (a) In order that the Revolving Loan Program may be...
§ 6-20-816. Fees prohibited - (a) No fees of any nature, fiscal agent's, legal, or...
§ 6-20-817. Prior loans validated - All outstanding loans evidenced by revolving loan bonds and certificates...
§ 6-20-818. Loans to education service cooperatives - (a) Subject to the conditions and limitations of this section,...
Subchapter 9 - Revolving Loan Program — State Board of Education Certificates
§ 6-20-901. Construction and implementation of subchapter - (a) This subchapter shall be construed liberally. (b) In this...
§ 6-20-902. Certificates generally - (a) In order to obtain funds needed for the proper...
§ 6-20-903. Execution and validity of certificates - (a) The certificates shall be executed by the manual signatures...
§ 6-20-904. Obligations — Security — Payment - (a) The certificates shall be obligations of the State Board...
§ 6-20-905. Collateral - (a) The State Board of Education shall purchase out of...
§ 6-20-906. Authority to purchase certificates - (a) The Board of Trustees of the Arkansas Teacher Retirement...
§ 6-20-907. Revolving Certificate Proceeds Account - (a) The State Board of Education must receive no less...
§ 6-20-908. Tax exemptions — Exception - The principal of and interest on certificates issued under the...
Subchapter 10 - Revolving Loan Program — Alternative State Financing
§ 6-20-1002. Construction - (a) This subchapter shall be construed liberally. The enumeration of...
§ 6-20-1003. Authority to engage and pay for professional help - The State Board of Education is authorized to engage and...
§ 6-20-1004. Authority to issue bonds - The State Board of Education is authorized to issue bonds...
§ 6-20-1005. Maximum amount of bonds - The total principal amount of the bonds outstanding at any...
§ 6-20-1006. Authorizing resolution — Nature and contents of bonds - (a) The bonds shall be authorized by resolution of the...
§ 6-20-1007. Issuance and designation of bonds - The bonds may be issued at one (1) time or...
§ 6-20-1008. Sale and award of bonds - (a) The bonds shall be sold at public sale on...
§ 6-20-1009. Execution of bonds — Signatures - (a) The bonds shall be executed by the Chair of...
§ 6-20-1010. Deposit of proceeds - (a) The proceeds of the sale of the bonds of...
§ 6-20-1011. Obligations - (a) (1) The bonds shall be special obligations of the...
§ 6-20-1012. Validation of bonds and certificates - (a) All outstanding revolving loan bonds and revolving loan certificates...
§ 6-20-1013. Tax exemptions - Bonds issued under the provisions of this subchapter, and the...
§ 6-20-1014. Investment of retirement system funds - The board of trustees of any retirement system now existing...
§ 6-20-1015. Refunding bonds - (a) Bonds may be issued for the purpose of refunding...
§ 6-20-1016. Prohibition on creation of rights - This subchapter shall not create any right, and no right...
§ 6-20-1017. Purchase of bonds and certificates by Treasurer of State - (a) The Treasurer of State shall, upon written request of...
Subchapter 12 - District Bonds
§ 6-20-1201. Authority to borrow money and issue negotiable bonds - A school district may borrow money and issue negotiable bonds...
§ 6-20-1202. Limitations of bonded indebtedness — Conversion of authorized bond issues - (a) For acquiring a building site, building or equipping a...
§ 6-20-1203. Bonds to comply with existing statutes - All bonds authorized to be issued under this statute shall...
§ 6-20-1204. Form of bonds — Security - (a) School bonds shall be issued by a school district...
§ 6-20-1205. Submission of statement before issuing bonds — Approval - (a) When any school district board of directors desires to...
§ 6-20-1206. Manner and terms of sale — Maximum rate of interest - (a) (1) All school bonds shall be sold to the...
§ 6-20-1207. Delivery and payment in installments - Bonds may be sold to be delivered and paid for...
§ 6-20-1208. Delivery of bonds upon payment in cash — Registration and recording - (a) All school bonds sold shall be sold only for...
§ 6-20-1209. Debt service fund — Establishment and purpose - All school districts in Arkansas proceeding under this act to...
§ 6-20-1210. Debt service fund — Use - (a) The debt service fund shall not be used for...
§ 6-20-1211. Tax records — Separate debt service fund records - (a) In showing school taxes on the tax books, it...
§ 6-20-1212. Resolution setting priority in case of default - On the issuance of any bonds, the school district board...
§ 6-20-1213. Duty to pay on maturity — Effect of failure - (a) The school district board of directors and the secretary...
§ 6-20-1214. Obligations on district dissolution - (a) Dissolution of any school district shall not of itself...
§ 6-20-1215. Approval of bond issues - (a) Before any school district shall issue bonds for the...
§ 6-20-1216. Refunding bonds — Authority to use - (a) Any school district of Arkansas shall have the right,...
§ 6-20-1218. Refunding bonds — Maximum amounts — Conversion and sale - (a) When the refunding bonds are issued to be exchanged...
§ 6-20-1219. Record of bond issues - In a book prepared for that purpose, the county treasurer,...
§ 6-20-1220. Refunding bonds — Issuance with election — Validation - Refunding bonds issued by any school district of the State...
§ 6-20-1222. Sale of school property securing deed of trust — Release of lien - (a) When any school district of Arkansas desires to abandon...
§ 6-20-1223. Refunding bonds — Issuance without election - (a) School districts of this state may issue refunding bonds...
§ 6-20-1224. Payment in full — Endorsement and certificate - When any school district of Arkansas has paid in full...
§ 6-20-1225. Certificates of indebtedness - (a) A school district of Arkansas filing a petition in...
§ 6-20-1226. Advancements for bond payments by county treasurer before settlement date - In all school districts of the State of Arkansas that...
§ 6-20-1228. Issuance of bonds — Refunding of bonded indebtedness — Maintenance and operation of schools - (a) (1) Any school district of this state is authorized...
§ 6-20-1229. Issuance of second-lien commercial bonds — Definitions - (a) As used in this section: (1) “Issue”, “issuance”, or...
Subchapter 14 - State Aid for Construction
§ 6-20-1401. Rules - The Commission for Arkansas Public School Academic Facilities and Transportation...
§ 6-20-1407. Approval of building plans - (a) As used in this section: (1) “Public school facility”...
Subchapter 15 - Public Elementary and Secondary School Insurance Act
§ 6-20-1501. Title - This subchapter shall be known as the “Public Elementary and...
§ 6-20-1502. Establishment of insurance system - The purpose of this subchapter is to establish and maintain...
§ 6-20-1503. State Insurance Department — Powers and duties regarding insurance for public elementary and secondary schools - It shall be the power and duty of the State...
§ 6-20-1505. Information to be furnished - (a) The Director of the Risk Management Division of the...
§ 6-20-1506. Finding of uninsurability — Effect - (a) (1) The State Insurance Department is authorized to maintain...
§ 6-20-1507. Premium rate and payment - (a) The premium rate shall be actuarially sound. (b) School...
§ 6-20-1508. Appraisal and payment of losses - (a) In the event of loss of school district, education...
§ 6-20-1509. Effect of federal assistance - Any school district, education service cooperative, or open-enrollment public charter...
§ 6-20-1511. Permanent Insurance Reserve Fund - The General Assembly shall provide a Permanent Insurance Reserve Fund...
§ 6-20-1512. Disposition of funds - All funds received by the State Insurance Department as premiums,...
§ 6-20-1513. Bond obligations - (a) The State Insurance Department is authorized and directed to...
§ 6-20-1514. Investments - (a) The State Insurance Department is authorized to invest funds...
§ 6-20-1515. Annual reports - The State Insurance Department shall report annually to the Governor...
Subchapter 18 - Audits
§ 6-20-1801. Filing of audit reports - (a) (1) Unless a shorter period is prescribed by law...
§ 6-20-1802. Fiscal distress for failure to file - (a) Any school district failing to file an audit report...
§ 6-20-1803. Questionable audit reports - (a) If the Division of Elementary and Secondary Education or...
§ 6-20-1804. List of ineligible accountants - (a) The Division of Elementary and Secondary Education shall maintain...
§ 6-20-1805. Training requirements for bookkeepers - (a) The State Board of Education shall establish by rules...
§ 6-20-1806. Services outside the scope of practice of auditors — Prohibited activities - A licensed certified public accountant or a licensed accountant in...
Subchapter 19 - Arkansas Fiscal Assessment and Accountability Program
§ 6-20-1901. Title - This subchapter shall be known as and may be cited...
§ 6-20-1902. Purpose - The purpose of this subchapter shall be to improve Arkansas...
§ 6-20-1903. Definitions - As used in this subchapter: (1) “Annexation” means the joining...
§ 6-20-1904. Indicators of fiscal distress - (a) A school district meeting any of the following criteria...
§ 6-20-1905. Notification and appeal - (a) (1) (A) The Division of Elementary and Secondary Education...
§ 6-20-1906. Classification of fiscal distress status - (a) Those school districts identified by the Division of Elementary...
§ 6-20-1907. Debt issuance - No school district identified in fiscal distress may incur any...
§ 6-20-1908. Fiscal distress plan - (a) Those school districts identified by the Division of Elementary...
§ 6-20-1909. Division fiscal distress actions - (a) In addressing public school districts in fiscal distress, the...
§ 6-20-1910. State board actions - (a) After a public hearing, the State Board of Education...
§ 6-20-1911. Rules - (a) The Division of Elementary and Secondary Education shall promulgate...
§ 6-20-1912. Fiscal support and monitoring - (a) When a public school district is returned to local...
§ 6-20-1913. General business manager — Definition - (a) As used in this subchapter, “general business manager” means...
§ 6-20-1914. Review of financial management practices - (a) The Division of Elementary and Secondary Education shall implement...
Subchapter 20 - Tracking and Accounting of Interschool Athletic Program Funds
§ 6-20-2001. Purpose - The purpose of this subchapter is to track and account...
§ 6-20-2002. Definitions - As used in this subchapter: (1) “Athletic expenditures” means all...
§ 6-20-2003. Reporting by local school districts - (a) During the appropriate Arkansas Public School Computer Network reporting...
§ 6-20-2004. Regulations - The State Board of Education may promulgate any rules necessary...
Subchapter 21 - Tracking and Accounting of Interschool Scholastic Activity Funds
§ 6-20-2101. Purpose - The purpose of this subchapter is to track and account...
§ 6-20-2102. Definitions - As used in this subchapter: (1) “Classroom teacher” means an...
§ 6-20-2103. Reporting by school districts - (a) During the appropriate Arkansas Public School Computer Network reporting...
§ 6-20-2104. Rules - The State Board of Education may promulgate any rules necessary...
Subchapter 22 - Arkansas Educational Financial Accounting and Reporting Act of 2004
§ 6-20-2201. Title - This subchapter shall be known as the “Arkansas Educational Financial...
§ 6-20-2202. Budget and expenditure report - (a) (1) The board of directors of each school district,...
§ 6-20-2203. Uniform budget and accounting system required - (a) (1) The State Board of Education shall adopt by...
§ 6-20-2204. Required training - (a) (1) (A) The Division of Elementary and Secondary Education...
§ 6-20-2205. Penalties - (a) Any school district or open-enrollment public charter school that...
§ 6-20-2206. Miscellaneous provisions - (a) If the Division of Elementary and Secondary Education determines...
§ 6-20-2207. Rulemaking authority - (a) (1) (A) The State Board of Education shall promulgate...
§ 6-20-2208. Monitoring of expenditures - (a) (1) The General Assembly determines that, although funds may...
§ 6-20-2210. Limitation on fund balances — Definitions - (a) As used in this section: (1) “Facilities master plan”...
Subchapter 23 - Public School Funding Act of 2003
§ 6-20-2301. Title - This subchapter shall be known and may be cited as...
§ 6-20-2302. Legislative findings - (a) The General Assembly recognizes that: (1) Intelligence and virtue...
§ 6-20-2303. Definitions - As used in this subchapter: (1) “Additional education categories” means...
§ 6-20-2304. Rules — Access to information on legislation - (a) The State Board of Education shall have the authority,...
§ 6-20-2305. School funding - (a) (1) (A) For each school year, each school district...
§ 6-20-2306. Division of Elementary and Secondary Education to provide funding — Adjustments for overpayments - (a) If the Division of Elementary and Secondary Education determines...
§ 6-20-2307. Property tax report - In order to provide relevant information to the General Assembly...
§ 6-20-2308. Calculation of miscellaneous funds - (a) For the purpose of making an initial calculation of...
§ 6-20-2309. Enhanced transportation funding - For the 2019-2020 school year and the 2020-2021 school year,...
Subchapter 25 - Arkansas Public School Academic Facilities Funding Act
§ 6-20-2501. Title - This subchapter is known as and may be cited as...
§ 6-20-2502. Definitions - As used in this subchapter: (1) (A) For fiscal years...
§ 6-20-2503. Bonded debt assistance — Definitions - (a) As used in this section: (1) “Eligible school district”...
§ 6-20-2507. Academic Facilities Partnership Program - (a) There is established the Academic Facilities Partnership Program under...
§ 6-20-2508. Academic Facilities Catastrophic Program - (a) There is established the Academic Facilities Catastrophic Program under...
§ 6-20-2509. Project cost guidelines - (a) (1) The Division of Public School Academic Facilities and...
§ 6-20-2510. Incentives for collaboration - (a) It is the intent of the General Assembly to...
§ 6-20-2511. High-growth school districts — Definitions - (a) As used in this section: (1) “High-growth school district”...
§ 6-20-2512. Regulatory authority - The Commission for Arkansas Public School Academic Facilities and Transportation...
§ 6-20-2513. Appeals - (a) A public school district may appeal: (1) A determination...
§ 6-20-2514. Academic Facilities Extraordinary Circumstances Program - (a) The General Assembly finds that: (1) In Lake View...
§ 6-20-2515. Review conferences - (a) At least one hundred twenty (120) days before the...
§ 6-20-2516. Academic Facilities Review Board - (a) There is established the Academic Facilities Review Board to...
§ 6-20-2517. Nursing center - (a) Beginning in the 2017-2019 funding cycle for the Academic...
Subchapter 26 - Arkansas Public School Academic Facilities Financing Act of 2007
§ 6-20-2601. Title - This subchapter shall be known and may be cited as...
§ 6-20-2602. Definitions - As used in this subchapter: (1) “Bonds” means any bonds,...
§ 6-20-2603. Authority to issue bonds - (a) (1) (A) The Commission for Arkansas Public School Academic...
§ 6-20-2604. Terms and characteristics of bonds - (a) The bonds shall be issued in series in amounts...
§ 6-20-2605. Purpose of bonds - Bonds issued under this subchapter shall be issued to finance...
§ 6-20-2606. Resolutions and trust indentures - (a) The bonds shall be authorized by resolution of the...
§ 6-20-2607. Form of bond — Signatures - (a) Each bond shall: (1) Be signed with the manual...
§ 6-20-2608. Sale of bonds - (a) The bonds may be sold: (1) Either at public...
§ 6-20-2609. Proceeds of bonds - (a) The proceeds from the sale of the bonds shall...
§ 6-20-2610. Full faith and credit of state pledged to repay bonds - The bonds shall be the direct general obligations of the...
§ 6-20-2611. Payment of debt service on the bonds - (a) (1) On or before the commencement of each fiscal...
§ 6-20-2612. Bonds exempt from state, county, and municipal taxes - Bonds and the interest on the bonds issued under this...
§ 6-20-2613. Refunding bonds - (a) (1) Bonds may be issued under this subchapter to...
§ 6-20-2614. Additional powers of the commission - In addition to powers conferred under other laws, the Commission...
§ 6-20-2615. No impairment of bond obligations - (a) This subchapter constitutes a contract between the state and...
§ 6-20-2616. No obligations until bonds issued - This subchapter shall not create any right of any character...
§ 6-20-2617. Election - (a) (1) (A) Bonds shall not be issued under this...
§ 6-20-2618. Effect of election - (a) If a majority of the qualified electors voting on...
§ 6-20-2619. No waiver of previous authority to issue bonds - This subchapter shall not constitute a waiver of the authority...
§ 6-20-2620. Severability - If, for any reason, any section or provision of this...
§ 6-20-2621. Cases involving bonds - A case involving the validity of this subchapter or involving...
§ 6-20-2622. Construction of subchapter - (a) This subchapter shall be liberally construed to accomplish its...
§ 6-20-2623. Issuance of bonds - No bonds shall be issued under this subchapter before July...