Browse Arkansas Code titles and sections
6-20-1202. Limitations of bonded indebtedness — Conversion of authorized bond issues.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-1202. Limitations of bonded indebtedness — Conversion of authorized bond issues.
(a) For acquiring a building site, building or equipping a new school building, repairing, making additions to, or equipping a present school building, purchasing new or used school buses or refurbishing school buses, or the professional development and training of teachers or other programs authorized under the federally recognized qualified zone academy bond program codified at 26 U.S.C. § 1397E [repealed], any school district of the State of Arkansas is authorized to borrow money and issue negotiable bonds for the repayment thereof from school funds.
(b) Subsection (a) of this section shall not prohibit the conversion of authorized bond issues to bonds bearing a lower rate of interest, subject to the approval of the Commissioner of Education, upon such terms that the school district shall receive no less and pay no more in principal and interest combined than it would receive and pay in principal and interest combined if the bonds were not converted.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-1202
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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Record provenance
Stable record: arkansas_code:legal_authorities:6-20-1202
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3e0159794302767420eea67a1641b1c50f4bd15aa607598b500da1674d6c2066
Source location: content.xml paragraph 21803
Stored source content
6-20-1202. Limitations of bonded indebtedness — Conversion of authorized bond issues.
(a) For acquiring a building site, building or equipping a new school building, repairing, making additions to, or equipping a present school building, purchasing new or used school buses or refurbishing school buses, or the professional development and training of teachers or other programs authorized under the federally recognized qualified zone academy bond program codified at 26 U.S.C. § 1397E [repealed], any school district of the State of Arkansas is authorized to borrow money and issue negotiable bonds for the repayment thereof from school funds.
(b) Subsection (a) of this section shall not prohibit the conversion of authorized bond issues to bonds bearing a lower rate of interest, subject to the approval of the Commissioner of Education, upon such terms that the school district shall receive no less and pay no more in principal and interest combined than it would receive and pay in principal and interest combined if the bonds were not converted.
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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.