Arkansas § 6-20-1213 - Duty to pay on maturity — Effect of failure.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-20-1213 — Duty to pay on maturity — Effect of failure., with citation guidance and answers to common questions.
§ 6-20-1213. Duty to pay on maturity — Effect of failure.
The school district board of directors and the secretary of the board shall see to it that sufficient funds to meet each maturity of principal and interest of all bonds of their school district are in the place of payment not later than the day before the date of maturity. Any failure thereof shall be cause for the State Board of Education to withhold any apportionment of school funds that would otherwise be apportioned to that school district and apply them on any past due bonds of that school district.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 6-20-1213
What does Arkansas Code of 1987 Annotated § 6-20-1213 cover?
Section 6-20-1213 ("Duty to pay on maturity — Effect of failure.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 6-20-1213?
A common citation format is "Arkansas Code of 1987 Annotated § 6-20-1213" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 6-20-1213 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.