Browse Arkansas Code titles and sections
6-20-1201. Authority to borrow money and issue negotiable bonds.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-1201. Authority to borrow money and issue negotiable bonds.
A school district may borrow money and issue negotiable bonds to repay borrowed moneys from school funds for:
(1) Building and equipping school buildings;
(2) Making additions and repairs to school buildings;
(3) Purchasing sites for school buildings;
(4) Purchasing new or used school buses;
(5) Refurbishing school buses;
(6) Providing professional development and training of teachers or other programs authorized under the federally recognized qualified zone academy bond program, 26 U.S.C. § 1397E [repealed];
(7) Paying off outstanding postdated warrants, installment contracts, revolving loans, and lease-purchase agreements, as provided by law; and
(8) In the case of a new school district created under § 6-13-1505:
(A) Purchasing school buildings and other structures;
(B) Purchasing new or used furniture, fixtures, and equipment;
(C) Paying the costs of the allocation of assets to the new school district; and
(D) Paying or retiring the outstanding indebtedness of the original school district that the new school district has become responsible for under § 6-13-1505.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-1201
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:6-20-1201
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3bae7a37f64735ee7bb4b9e9d784ad2e23ed71895f61679d403f3d667dccab8f
Source location: content.xml paragraph 21771
Stored source content
6-20-1201. Authority to borrow money and issue negotiable bonds.
A school district may borrow money and issue negotiable bonds to repay borrowed moneys from school funds for:
(1) Building and equipping school buildings;
(2) Making additions and repairs to school buildings;
(3) Purchasing sites for school buildings;
(4) Purchasing new or used school buses;
(5) Refurbishing school buses;
(6) Providing professional development and training of teachers or other programs authorized under the federally recognized qualified zone academy bond program, 26 U.S.C. § 1397E [repealed];
(7) Paying off outstanding postdated warrants, installment contracts, revolving loans, and lease-purchase agreements, as provided by law; and
(8) In the case of a new school district created under § 6-13-1505:
(A) Purchasing school buildings and other structures;
(B) Purchasing new or used furniture, fixtures, and equipment;
(C) Paying the costs of the allocation of assets to the new school district; and
(D) Paying or retiring the outstanding indebtedness of the original school district that the new school district has become responsible for under § 6-13-1505.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, added Pub. L. 105–34, title II, § 226(a), Aug. 5, 1997, 111 Stat. 821; amended Pub. L. 105–206, title VI, § 6004(g)(2)–(4), July 22, 1998, 112 Stat. 796; Pub. L. 106–78, title VII, § 752(b)(11), Oct. 22, 1999, 113 Stat. 1169; Pub. L. 106–170, title V, § 509, Dec. 17, 1999, 113 Stat. 1924; Pub. L. 107–110, title X, § 1076(t), Jan. 8, 2002, 115 Stat. 2092; Pub. L. 107–147, title VI, § 608(a), Mar. 9, 2002, 116 Stat. 60; Pub. L. 108–311, title III, § 304(a), title IV, § 406(c), Oct. 4, 2004, 118 Stat. 1179, 1189; Pub. L. 109–58, title XIII, § 1303(c)(2), (3), Aug. 8, 2005, 119 Stat. 997; Pub. L. 109–432, div. A, title I, § 107(a), (b)(1), Dec. 20, 2006, 120 Stat. 2938; Pub. L. 110–234, title XV, § 15316(c)(2), May 22, 2008, 122 Stat. 1511; Pub. L. 110–246, § 4(a), title XV, § 15316(c)(2), June 18, 2008, 122 Stat. 1664, 2273; Pub. L. 110–343, div. C, title III, § 313(b)(3), Oct. 3, 2008, 122 Stat. 3872; Pub. L. 111–5, div. B, title I, § 1531(c)(3), Feb. 17, 2009, 123 Stat. 360; Pub. L. 114–95, title IX, § 9215(uu)(3), Dec. 10, 2015, 129 Stat. 2183, related to credit to holders of qualified zone academy bonds.
#### Effective Date of Repeal
Repeal applicable to bonds issued after Dec. 31, 2017, see section 13404(d) of Pub. L. 115–97, set out as a note under former [section 54 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section54&num=0&edition=prelim).
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1397E
Stored review status: release_metadata_unconfirmed. The source passage cites 26 U.S.C. § 1397E. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 2492
TITLE 26—INTERNAL REVENUE CODE
[§ 1397E
[§ 1397E. Repealed. Pub. L. 115–97, title I,
§ 13404(c)(1), Dec. 22, 2017, 131 Stat. 2138]
Section, added Pub. L. 105–34, title II, § 226(a), Aug. 5,
1997, 111 Stat. 821; amended Pub. L. 105–206, title VI,
§ 6004(g)(2)–(4), July 22, 1998, 112 Stat. 796; Pub. L. 106–78,
title VII, § 752(b)(11), Oct. 22, 1999, 113 Stat. 1169; Pub. L.
106–170, title V, § 509, Dec. 17, 1999, 113 Stat. 1924; Pub.
L. 107–110, title X, § 1076(t), Jan. 8, 2002, 115 Stat. 2092;
Pub. L. 107–147, title VI, § 608(a), Mar. 9, 2002, 116 Stat.
60; Pub. L. 108–311, title III, § 304(a), title IV, § 406(c),
Oct. 4, 2004, 118 Stat. 1179, 1189; Pub. L. 109–58, title XIII,
§ 1303(c)(2), (3), Aug. 8, 2005, 119 Stat. 997; Pub. L. 109–432,
div. A, title I, § 107(a), (b)(1), Dec. 20, 2006, 120 Stat. 2938;
Pub. L. 110–234, title XV, § 15316(c)(2), May 22, 2008, 122
Stat. 1511; Pub. L. 110–246, § 4(a), title XV, § 15316(c)(2),
June 18, 2008, 122 Stat. 1664, 2273; Pub. L. 110–343, div. C,
title III, § 313(b)(3), Oct. 3, 2008, 122 Stat. 3872; Pub. L.
111–5, div. B, title I, § 1531(c)(3), Feb. 17, 2009, 123 Stat.
360; Pub. L. 114–95, title IX, § 9215(uu)(3), Dec. 10, 2015,
129 Stat. 2183, related to credit to holders of qualified
zone academy bonds.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF REPEAL
Repeal applicable to bonds issued after Dec. 31, 2017,
see section 13404(d) of Pub. L. 115–97, set out as a note
under former section 54 of this title.
PART V—REGULATIONS
Sec.
1397F.
Regulations.
Editorial Notes
AMENDMENTS
1997—Pub. L. 105–34, title II, § 226(a), (b)(2), Aug. 5,
1997, 111 Stat. 820, 824, redesignated part IV of this sub-
chapter as this part and item 1397D as 1397F.
§ 1397F. Regulations
The Secretary shall p
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 1397E
Stored review status: historical_2024_not_currentness_verified. The source passage cites 26 U.S.C. § 1397E. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-13-1505. Creation of school district.
(a) If all the requirements of this subchapter are met and a majority of the votes are cast for the proposition, the State Board of Education shall order the creation of the new school district.
(b)(1) At the time the order creating the district is made, the state board shall appoint a board of directors of seven (7) members for the new school district to serve until the next regular election of members, when a board of directors shall be elected in compliance with Arkansas law.
(2) Following the entry of the order creating the new school district, the new school district shall:
(A) Be considered a school district under § 6-13-101 et seq. for all constitutional and statutory purposes, except as limited under this section;
(B) Be considered a body corporate and may sue and be sued in the name of the new school district; and
(C) After the appointment of a board of directors for the new school district but before the transfer of any assets, territory, property, liabilities, duties, or responsibilities, a new school district created by detachment from an existing school district that is a party to any court-ordered desegregation plan shall petition the court having jurisdiction in the desegregation matter and obtain any and all court orders or other relief necessary to ensure that the detachment will not cause the state or any affected school district to be in violation of any orders of the court or any consent orders or decrees entered into by the parties with regard to the desegregation plan.
(3) Following the entry of the order creating the new school district, the new school district may:
(A) Exercise the power of eminent domain; and
(B) Borrow money and issue bonds for allowable purposes under § 6-20-1201 et seq
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-13-1505
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 6-13-1505. This identifies an authority to review, not proof of applicability.