There is a newer version of the Arkansas Code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
§ 6-20-1226 - Advancements for bond payments by county treasurer prior to settlement date.
6-20-1226. Advancements for bond payments by county treasurer prior to settlement date.In all school districts of the State of Arkansas that have voted a bond issue that calls for the payment of interest and principal prior to the date of settlement by the county treasurer with the school district of funds collected under a levy made by the school district for the purpose of retiring principal and interest of bond issue, the county treasurer is authorized to advance to the school district prior to the date of settlement and on the date payment is due a sum sufficient for the payment of principal and interest accruing under the bond issue out of the moneys held by him or her for the school district.
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