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6-20-1216. Refunding bonds — Authority to use.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-1216. Refunding bonds — Authority to use.
(a) Any school district of Arkansas shall have the right, subject to procedural rules adopted by the Division of Elementary and Secondary Education, to refund its bonds outstanding at any time. Any division rule that would prevent or delay a school district from refunding outstanding bonds may be waived by the Commissioner of Elementary and Secondary Education or the commissioner’s designee provided that the commissioner or the commissioner’s designee determines that it is in the best interest of the school district to proceed with the refunding immediately.
(b) This shall include the right to refund any loan it may at any time have outstanding from the Revolving Loan Fund.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-1216
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:6-20-1216
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b1e32cc83951e2db98f00febd6d2fd2643cdea488303a23cac8aa50a53b087d5
Source location: content.xml paragraph 22021
Stored source content
6-20-1216. Refunding bonds — Authority to use.
(a) Any school district of Arkansas shall have the right, subject to procedural rules adopted by the Division of Elementary and Secondary Education, to refund its bonds outstanding at any time. Any division rule that would prevent or delay a school district from refunding outstanding bonds may be waived by the Commissioner of Elementary and Secondary Education or the commissioner’s designee provided that the commissioner or the commissioner’s designee determines that it is in the best interest of the school district to proceed with the refunding immediately.
(b) This shall include the right to refund any loan it may at any time have outstanding from the Revolving Loan Fund.
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