Opinion No.

Dr. T. Kenneth James, Ed.D. Commissioner of Education Arkansas Department of Education #4 State Capitol Mall Little Rock, AR 72201-1071

Dear Dr. James:

I am writing in response to your request for an opinion on a number of questions concerning the legal authority of a school district classified as being in "fiscal distress" to enter into future debt obligations. Specifically, you recite the following facts and pose seven questions with regard to those facts:

An Arkansas school district has been identified and classified as in fiscal distress pursuant to A.C.A. § 6-20-1901 et seq. As a result,…