There is a newer version of the Arkansas Code
2010 Arkansas Code
Title 6 - Education
Subtitle 2 - Elementary And Secondary Education Generally
Chapter 20 - Finances
Subchapter 12 - District Bonds
§ 6-20-1220 - Refunding bonds -- Issuance with election -- Validation.
6-20-1220. Refunding bonds -- Issuance with election -- Validation.Refunding bonds issued by any school district of the State of Arkansas, when authorized at any general or special school election by a vote of the electors of the school district for a continuing building fund to retire refunding bonds, shall be the valid, legal, and binding obligations of the school district provided that the issuance of the refunding bonds is approved by the State Board of Education or the Commissioner of Education prior to the issuance of the refunding bonds.
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