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6-20-2308. Calculation of miscellaneous funds.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-2308. Calculation of miscellaneous funds.
(a) For the purpose of making an initial calculation of state foundation funding aid, the Division of Elementary and Secondary Education shall calculate the miscellaneous funds of a school district as:
(1) The aggregate amount of miscellaneous funds a school district received in the calendar year immediately preceding the beginning of the current school fiscal year; multiplied by
(2) The ratio of the uniform rate of tax to the school district's total millage rate in effect as of January 1 of the calendar year in which the school district received the miscellaneous funds.
(b)(1) Except as provided under subdivision (b)(2) of this section, for a school district that receives state foundation funding aid and receives an aggregate amount of miscellaneous funds during the calendar year in which the current school fiscal year began that is less than the aggregate amount of miscellaneous funds the school district received in the calendar year immediately preceding the beginning of the current school fiscal year, by the end of the school fiscal year the division shall distribute to the school district an amount equal to the difference between:
(A) The amount of miscellaneous funds calculated for the calendar year in which the current school fiscal year began; and
(B) The amount of miscellaneous funds calculated for the calendar year immediately preceding the beginning of the current school fiscal year.
(2) The sum of the following amounts shall not exceed the foundation funding amount under § 6-20-2305(a)(2):
(A) State foundation funding aid for the current school fiscal year;
(B) The school district's miscellaneous funds calculated for the calendar year in which the school fiscal year began;
(C) Ninety-eight pe
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-2308
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:6-20-2308
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1d032745f81700bbf55083fd3a1de12d5f7979f736269ca9a722468251cba6f0
Source location: content.xml paragraph 23609
Stored source content
6-20-2308. Calculation of miscellaneous funds.
(a) For the purpose of making an initial calculation of state foundation funding aid, the Division of Elementary and Secondary Education shall calculate the miscellaneous funds of a school district as:
(1) The aggregate amount of miscellaneous funds a school district received in the calendar year immediately preceding the beginning of the current school fiscal year; multiplied by
(2) The ratio of the uniform rate of tax to the school district's total millage rate in effect as of January 1 of the calendar year in which the school district received the miscellaneous funds.
(b)(1) Except as provided under subdivision (b)(2) of this section, for a school district that receives state foundation funding aid and receives an aggregate amount of miscellaneous funds during the calendar year in which the current school fiscal year began that is less than the aggregate amount of miscellaneous funds the school district received in the calendar year immediately preceding the beginning of the current school fiscal year, by the end of the school fiscal year the division shall distribute to the school district an amount equal to the difference between:
(A) The amount of miscellaneous funds calculated for the calendar year in which the current school fiscal year began; and
(B) The amount of miscellaneous funds calculated for the calendar year immediately preceding the beginning of the current school fiscal year.
(2) The sum of the following amounts shall not exceed the foundation funding amount under § 6-20-2305(a)(2):
(A) State foundation funding aid for the current school fiscal year;
(B) The school district's miscellaneous funds calculated for the calendar year in which the school fiscal year began;
(C) Ninety-eight percent (98%) of the uniform rate of tax multiplied by the property assessment of the school district;
(D) A distribution under subdivision (b)(1) of this section; and
(E) A distribution or recoupment under § 6-20-2305(a)(4).
(c)(1) Beginning with the 2014-2015 school fiscal year, the division shall recoup an overpayment of state funding under the authority provided by § 6-20-2306 for a school district that receives:
(A) State foundation funding aid; and
(B) An aggregate amount of miscellaneous funds for the calendar year in which the current school fiscal year began that is greater than the aggregate amount of miscellaneous funds it received in the calendar year immediately preceding the beginning of the current school fiscal year.
(2) The division shall recoup from the school district an amount equal to the difference between:
(A) The amount of miscellaneous funds calculated for the calendar year in which the current school fiscal year began; and
(B) The amount of miscellaneous funds calculated for the calendar year immediately preceding the beginning of the current school fiscal year.
(3) A recoupment from a school district under this subsection shall not exceed the amount of state foundation funding aid distributed to the school district for the school fiscal year on which the recoupment is based.
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Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-2305. School funding.
(a)(1)(A) For each school year, each school district shall receive state foundation funding aid computed as the foundation funding amount under subdivision (a)(2) of this section less the sum of:
(i) Ninety-eight percent (98%) of the uniform rate of tax multiplied by the property assessment of the school district; and
(ii) An amount of miscellaneous funds of the school district calculated under § 6-20-2308.
(B) The Division of Elementary and Secondary Education shall distribute state foundation funding aid to each school district in twelve (12) monthly payments.
(2)(A) For the 2019-2020 school year, the foundation funding amount is equal to six thousand eight hundred ninety-nine dollars ($6,899) multiplied by the school district's average daily membership for the previous school year.
(B) For the 2020-2021 school year and each school year thereafter, the foundation funding amount is equal to seven thousand eighteen dollars ($7,018) multiplied by the school district's average daily membership for the previous school year.
(3)(A) A school district that has experienced a decline in average daily membership over the two (2) immediately preceding school years shall receive:
(i) Declining enrollment funding equal to the difference between the average of the two (2) immediately preceding years' average daily memberships and the average daily membership for the previous school year multiplied by the amount of foundation funding set forth in subdivision (a)(2) of this section; or
(ii) Special needs isolated funding under § 6-20-604.
(B) Any funding appropriated and available for declining enrollment funding under subdivision (a)(3)(A)(i) of this section or special needs isolated funding under § 6-20-604 that is not distributed under
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-2305
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 6-20-2305. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-2306. Division of Elementary and Secondary Education to provide funding — Adjustments for overpayments.
(a) If the Division of Elementary and Secondary Education determines that an overpayment has been made to a school district under any appropriation authorized by this subchapter, the division may:
(1) Withhold the overpayment from subsequent state funding;
(2) Transfer the amount withheld for the overpayment to the line item appropriation from which the overpayment was initially made; or
(3) Request a refund from the school district in the amount of the overpayment.
(b) The school district shall comply as directed by the division.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-2306
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 6-20-2306. This identifies an authority to review, not proof of applicability.