Arkansas Administrative Code
Agency 005 - DEPARTMENT OF EDUCATION
Division 28 - Division of Elementary and Secondary Education
Rule 005.28.23-004 - DESE Rules Governing Payments Under the Educational Freedom Account Program

Universal Citation: AR Admin Rules 005.28.23-004

Current through Register Vol. 49, No. 9, September, 2024

1.00 CONTINUATION OF PAYMENTS

1.01 Once families and participating schools have been approved to participate in the Educational Freedom Account (EFA) program, the Department of Education shall continue to make quarterly payments on behalf of the approved students and families to the approved participating schools or service providers:
1.01.1 The department shall make four (4) equal payments in quarterly installments from the participating student's educational freedom account to the participating school or service provider.
1.01.1.1 A third-party payment processing vendor shall create and set up payment accounts for approved students and families as determined by the department.

1.01.1.2 Participating schools or service providers, or third-party vendors shall issue an itemized invoice to approved students and families for documentation of expense type, amount, and recipient.

1.01.1.3 Approved students and families shall verify and submit payment requests, identifying the participating school or service provider to receive payment, the payment amount, and the expense type.

1.01.1.4 Approved students and families shall include invoice for review and documentation during the payment submission process via the third-party payment processing vendor.

1.01.1.5 The third-party payment processing vendor shall remit payment to a participating school or service provider for authorized expenditures, unless an expenditure is not authorized by law, following a review and approval of expense request and documentation by the department.

1.02 Participating schools receiving EFA funds shall apply any scholarship awards, tuition rates, and tuition discounts toward an approved student's tuition, costs, and fees before EFA funds can be applied to any invoiced charges by the participating school.

1.03 This rule shall be effective until amended, repealed, or superseded by a rule promulgated by the department.

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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.