{"data":{"id":"us-ar/ark.-code-ann.-6-23-905","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 6-23-905","heading":"Loan decision","body":"(a) The Division of Public School Academic Facilities and Transportation shall review and assess the accuracy of the information provided in each loan application within a reasonable time after receiving a loan application. (b) (1) After reviewing and considering the merits of the application, the division may: (A) Approve the loan requested for the full amount; (B) Approve the loan requested for an amount less than requested; or (C) Deny the loan. (2) The division shall notify the open-enrollment public charter school in writing of the decision. (c) An open-enrollment public charter school may apply for and accept a loan from the Open-Enrollment Public Charter School Facilities Loan Fund without prior approval from the Commissioner of Elementary and Secondary Education under § 6-23-401(a)(5) . Amended by Act 2021, No. 544,§ 53, eff. 7/28/2021. Added by Act 2013, No. 1255,§ 1, eff. 8/16/2013.\n\n(a) The Division of Public School Academic Facilities and Transportation shall review and assess the accuracy of the information provided in each loan application within a reasonable time after receiving a loan application.\n\n(b) (1) After reviewing and considering the merits of the application, the division may: (A) Approve the loan requested for the full amount; (B) Approve the loan requested for an amount less than requested; or (C) Deny the loan. (2) The division shall notify the open-enrollment public charter school in writing of the decision.\n\n(1) After reviewing and considering the merits of the application, the division may: (A) Approve the loan requested for the full amount; (B) Approve the loan requested for an amount less than requested; or (C) Deny the loan.\n\n(A) Approve the loan requested for the full amount;\n\n(B) Approve the loan requested for an amount less than requested; or\n\n(C) Deny the loan.\n\n(2) The division shall notify the open-enrollment public charter school in writing of the decision.\n\n(c) An open-enrollment public charter school may apply for and accept a loan from the Open-Enrollment Public Charter School Facilities Loan Fund without prior approval from the Commissioner of Elementary and Secondary Education under § 6-23-401(a)(5) .","path":["AR Code","Title 6","Chapter 23","Subchapter 9"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"6baeaad0225e61db689fd6bb47b25ba4e199bd1a2e40597160f70cc75e1544e6","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-6-23-904","next":"us-ar/ark.-code-ann.-6-23-906"},"notice":"GroundRules: Original legal text. Not legal advice."}