Arkansas Administrative Code
Agency 005 - DEPARTMENT OF EDUCATION
Division 04 - Financial Services **
Rule 005.04.99-002 - PROPOSED Rule: Governing the Distribution of Isolated Funding
Universal Citation: AR Admin Rules 005.04.99-002
Current through Register Vol. 49, No. 9, September, 2024
1.00 Regulatory Authority
1.01 These
regulations shall be known as Arkansas Department of Education Regulations
governing the distribution of funding to Isolated School Districts in
accordance with Arkansas Code Annotated §
6-20-601 and Ark. Code Ann. §
6-20-303(17), as amended by Section 10 of Act 1549 of 1999.
1.02 These regulations are enacted pursuant
to the State Board of Education's authority under Ark. Code Ann. §
6-11-105 (Repl. 1993) and 6-20-305
(1995 Supp.).
2.00 Purpose
It is the purpose of these regulations to establish criteria by which a school district may choose the basis for calculation of the district's isolated funding and to establish an isolated funding factor.
3.00 Definitions
3.01 Isolated Funding - The state financial
aid provided to local school districts with an average daily membership of less
than three hundred fifty (350) from funds made available for that
purpose.
3.02 Isolated Funding
Factor - A factor calculated by dividing the isolated funding budgeted by the
State Board of Education, by the total amount qualifying school districts would
be eligible to receive based on the calculation of aid as defined by
law.
4.00 Selection of Method of Calculation
4.01 School
districts with an ADM of less than 350 will not be required to apply for
isolated funding as established by Ark. Code Ann. § 6-20-303(17) as
amended by Section 10 of Act 1549 of 1999.
4.02 School districts which may elect to
qualify for isolated funding as provided in Ark. Code Ann. §
6-20-601 shall apply to the
Department of Education.
5.00 Application for Aid
5.01 School districts applications to qualify
for isolated funding, in accordance with Ark. Code Ann. §
6-20-601 shall be on forms provided
by the Arkansas Department of Education.
5.02 Applications to qualify for isolated
funding are due by May 15, preceding the school year for which Isolated Funding
is to be provided.
5.03 The
Department of Education shall review all applications for isolated status to
determine compliance with all eligibility criteria.
6.00 Funding Distribution
6.01 Isolated funding shall be calculated as
defined by law.
6.02 Funds shall be
distributed by multiplying each qualifying school district's isolated funding
by the Isolated Funding Factor.
Disclaimer: These regulations may not be the most recent version. Arkansas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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