Browse Arkansas Code titles and sections
6-23-905. Loan decision.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-23-905. Loan decision.
(a) The Division of Public School Academic Facilities and Transportation shall review and assess the accuracy of the information provided in each loan application within a reasonable time after receiving a loan application.
(b)(1) After reviewing and considering the merits of the application, the division may:
(A) Approve the loan requested for the full amount;
(B) Approve the loan requested for an amount less than requested; or
(C) Deny the loan.
(2) The division shall notify the open-enrollment public charter school in writing of the decision.
(c) An open-enrollment public charter school may apply for and accept a loan from the Open-Enrollment Public Charter School Facilities Loan Fund without prior approval from the Commissioner of Education under § 6-23-401(a)(5).
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-23-905
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:6-23-905
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 35d43e1bcf8916da6bfe702cdf977f48c41f9a1a8b695f72e835526ab20d06eb
Source location: content.xml paragraph 26957
Stored source content
6-23-905. Loan decision.
(a) The Division of Public School Academic Facilities and Transportation shall review and assess the accuracy of the information provided in each loan application within a reasonable time after receiving a loan application.
(b)(1) After reviewing and considering the merits of the application, the division may:
(A) Approve the loan requested for the full amount;
(B) Approve the loan requested for an amount less than requested; or
(C) Deny the loan.
(2) The division shall notify the open-enrollment public charter school in writing of the decision.
(c) An open-enrollment public charter school may apply for and accept a loan from the Open-Enrollment Public Charter School Facilities Loan Fund without prior approval from the Commissioner of Education under § 6-23-401(a)(5).
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Arkansas Code — all titles (historical 2020) · legal_authorities
6-23-401. Authority under a charter for open-enrollment public charter schools.
(a) An open-enrollment public charter school:
(1) Shall be governed by an eligible entity that is fiscally accountable and under the governing structure as described by the charter;
(2) Shall provide instruction to students at one (1) or more elementary or secondary grade levels as provided by the charter;
(3) Shall retain authority to operate under the charter contingent on satisfactory student performance as provided by the charter and in accordance with this chapter;
(4) Shall have no authority to impose taxes;
(5) Shall not incur any debts without the prior review and approval of the Commissioner of Elementary and Secondary Education;
(6) Shall not charge students tuition or fees that would not be allowable charges in the public school districts; and
(7) Shall not be religious in its operations or programmatic offerings.
(b) An open-enrollment public charter school is subject to any prohibition, restriction, or requirement imposed by this title and any rule promulgated by the State Board of Education under this title relating to:
(1) Monitoring compliance with this chapter, as determined by the commissioner;
(2) Public school accountability under this title;
(3) High school graduation requirements as established by the state board;
(4) Special education programs as provided by this title;
(5) Conducting criminal background checks for employees as provided in this title;
(6) Health and safety codes as established by the state board and local governmental entities; and
(7) Reporting through the Arkansas Public School Computer Network applications as provided under this title.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-23-401
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 6-23-401. This identifies an authority to review, not proof of applicability.