Arkansas § 6-20-411 - Interest-free loans from federal agencies.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-20-411 — Interest-free loans from federal agencies., with citation guidance and answers to common questions.
§ 6-20-411. Interest-free loans from federal agencies.
The public school districts of this state are authorized to accept interest-free loans from agencies of the United States government if incurring the indebtedness is approved by the State Board of Education. The state board shall not grant its approval unless it is satisfied that the projected revenues and expenses of the school district during the duration of the loan indicate that the school district will be able to retire the debt. Furthermore, all such loans accepted by public school districts before June 12, 1987, are ratified and declared valid.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 6-20-411
What does Arkansas Code of 1987 Annotated § 6-20-411 cover?
Section 6-20-411 ("Interest-free loans from federal agencies.") 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 § 6-20-411?
A common citation format is "Arkansas Code of 1987 Annotated § 6-20-411" (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 § 6-20-411 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.