Arkansas § 6-23-503 - Use of funding.
Full text of Arkansas Arkansas Code of 1987 Annotated § 6-23-503 — Use of funding., with citation guidance and answers to common questions.
§ 6-23-503. Use of funding.
An open-enrollment public charter school may not use the moneys that it receives from the state for any sectarian program or activity or as collateral for debt. No indebtedness of any kind incurred or created by the open-enrollment public charter school shall constitute an indebtedness of the state or its political subdivisions, and no indebtedness of the open-enrollment public charter school shall involve or be secured by the faith, credit, or taxing power of the state or its political subdivisions. Every contract or lease into which an open-enrollment public charter school enters shall include the wording of subdivision (b)(1) of this section.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 6-23-503
What does Arkansas Code of 1987 Annotated § 6-23-503 cover?
Section 6-23-503 ("Use of funding.") 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 § 6-23-503?
A common citation format is "Arkansas Code of 1987 Annotated § 6-23-503" (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 § 6-23-503 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.