Arkansas Code Title 6, Subtitle 2, Chapter 20, Subchapter 4 - District Finances

• § 6-20-401 - Definitions.
  As used in this subchapter: (1) "Current indebtedness" means a debt obligation incurred by a school district for the purpose of paying maintenance or...
• § 6-20-402 - Limitation on Current Indebtedness -- Postdated Warrants and Installment Contracts -- Liability.
  (a) (1) (A) The amount of obligations incurred by a school district for any school fiscal year shall not be in excess of the...
• § 6-20-403 - Authority to Draw Warrants -- Countersignature.
  The school district board of directors is authorized to draw warrants on the county treasurer when the county treasurer serves as treasurer of the...
• § 6-20-404 - Issuance of Warrants to Pay School Bonds -- Description of Indebtedness.
  (a) All maturities of principal and interest of school bonds shall be paid by issuing warrants against the funds authorized by law for paying...
• § 6-20-405 - Energy Savings Contract.
  (a) As used in this section: (1) (A) "Energy savings contract" means a contract for the implementation of one (1) or more energy conservation...
• § 6-20-406 - [Repealed.]
• § 6-20-407 - [Repealed.]
• § 6-20-408 - [Repealed.]
• § 6-20-409 - Petty Cash Fund.
  (a) In order to simplify and expedite fiscal affairs of school districts relating to the payment of miscellaneous items of expenditures incident to their...
• § 6-20-410 - School Fiscal Year.
  The school fiscal year for Arkansas shall consist of the twelve-month period beginning July 1 and ending on the following June 30.
• § 6-20-411 - Interest-Free Loans From Federal Agencies.
  (a) (1) The public school districts of this state are authorized to accept interest-free loans from agencies of the federal government if incurring the...
• § 6-20-412 - Nonrecurring Salary Payments.
  (a) A school district in this state may pay licensed personnel a nonrecurring salary payment from revenues not considered to be recurring sources of...
• § 6-20-413 - [Repealed.]
• § 6-20-414 - Public-Public Partnerships.
  (a) As used in this section, "public-public partnership" means a project delivery method in which a school district may enter into a contract to...
• § 6-20-415 - Consultants.
  (a) The Department of Education in consultation with the Attorney General shall hire consultants on the following basis: (1) The consultants shall be qualified...
• § 6-20-416 - Desegregation Funding.
  (a) The Department of Education and the Attorney General are authorized to seek proper federal court review and determination of the current unitary status...
• § 6-20-417 - Student Awards.
  (a) (1) As used in this section "net athletic event gate receipts" means the amount remaining from fees, including charges for reserved seating, collected...

Last modified: November 15, 2016