Arkansas § 6-20-203 - Public School Fund — Creation and management.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-20-203 — Public School Fund — Creation and management., with citation guidance and answers to common questions.
§ 6-20-203. Public School Fund — Creation and management.
At the end of each fiscal year, the Treasurer of State shall transfer to the credit of the Public School Fund all unappropriated balances of the Land Sales Fund that have been or may be made to this state and that are not otherwise appropriated by the terms of the grant, gift, or devise. The balances shall be securely invested and preserved as the Public School Fund of the state and shall be the common property of the state for public school purposes only. The Public School Fund shall remain inviolate and intact, and the interest thereon only shall be expended for the maintenance of the schools of the state. All moneys belonging or owing to the Public School Fund, as mentioned in subsection (a) of this section, or accruing as revenues therefrom, shall be paid directly into the State Treasury and shall not be paid out except on a warrant of the Auditor of State. Under the direction of the State Board of Education, the Auditor of State shall draw his or her warrants on the Treasurer of State for the disbursement of those funds for those purposes.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 6-20-203
What does Arkansas Code of 1987 Annotated § 6-20-203 cover?
Section 6-20-203 ("Public School Fund — Creation and management.") 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 § 6-20-203?
A common citation format is "Arkansas Code of 1987 Annotated § 6-20-203" (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 § 6-20-203 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.