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6-20-2509. Project cost guidelines.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-2509. Project cost guidelines.
(a)(1) The Division of Public School Academic Facilities and Transportation shall establish formulas that shall be updated annually by the fourth quarter of the calendar year for determining the basic project cost per square foot for various types of new construction projects, including without limitation:
(A) New academic facilities;
(B) Additions to existing academic facilities; and
(C) Major improvements to academic facilities that bring the state of condition or efficiency of the academic facility to a state of condition or efficiency better than the facility's original condition of completeness or efficiency.
(2) In establishing the formulas, the division shall take into consideration:
(A) The academic programs offered;
(B) Current enrollment levels;
(C) Enrollment projections;
(D) Grade configuration;
(E) The type of public school; and
(F) Nationally recognized design and construction standards for cost per square foot.
(3) The division shall establish a process for determining the cost of local enhancements and shall include a mechanism in the formulas for determining basic project cost that excludes the cost of local enhancements from the qualified project cost.
(b)(1) When a school district applies for state financial participation, the division shall use the appropriate formula to compute a qualified project cost.
(2) The division shall determine the estimated amount of the state's share of financial participation based on the qualified project cost and the school district's wealth index as determined under § 6-20-2502.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-2509
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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Record provenance
Stable record: arkansas_code:legal_authorities:6-20-2509
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1a96ed3f05acf010bd6b7cb9cc19326c87a8597791bc6fea0a3a73599990d6d1
Source location: content.xml paragraph 23915
Stored source content
6-20-2509. Project cost guidelines.
(a)(1) The Division of Public School Academic Facilities and Transportation shall establish formulas that shall be updated annually by the fourth quarter of the calendar year for determining the basic project cost per square foot for various types of new construction projects, including without limitation:
(A) New academic facilities;
(B) Additions to existing academic facilities; and
(C) Major improvements to academic facilities that bring the state of condition or efficiency of the academic facility to a state of condition or efficiency better than the facility's original condition of completeness or efficiency.
(2) In establishing the formulas, the division shall take into consideration:
(A) The academic programs offered;
(B) Current enrollment levels;
(C) Enrollment projections;
(D) Grade configuration;
(E) The type of public school; and
(F) Nationally recognized design and construction standards for cost per square foot.
(3) The division shall establish a process for determining the cost of local enhancements and shall include a mechanism in the formulas for determining basic project cost that excludes the cost of local enhancements from the qualified project cost.
(b)(1) When a school district applies for state financial participation, the division shall use the appropriate formula to compute a qualified project cost.
(2) The division shall determine the estimated amount of the state's share of financial participation based on the qualified project cost and the school district's wealth index as determined under § 6-20-2502.
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Arkansas Code — all titles (historical 2020) · legal_authorities
6-20-2502. Definitions.
As used in this subchapter:
(1)(A) For fiscal years 2024-2025 and each year thereafter, “academic facilities wealth index” means a percentage derived from the following computations:
(i) Determine the value of one (1) mill per student in each school district as follows:
(a) Multiply the value of one (1) mill by the total assessed valuation of taxable real, personal, and utility property in the school district as shown by the applicable county assessment for the most recent year; and
(b) Divide the product from subdivision (1)(A)(i)(a) of this section by the largest average daily membership of a school district over the previous decade;
(ii)(a) Calculate each school district's relative median income by dividing the household median income for the area served by each school district by the household median income of the school district with the highest household median income.
(b) The household median income used in subdivision (1)(A)(ii)(a) of this section shall be the household median income as estimated by the United States Bureau of the Census's American Community Survey;
(iii) Calculate the median income per mill value by multiplying each school district's value of one (1) mill per student as calculated under subdivision (1)(A)(i) of this section by the school district's relative median income as calculated under subdivision (1)(A)(ii)(a) of this section; and
(iv) Identify the school district at the ninety-fifth percentile according to the value calculated under subdivision (1)(A)(iii) of this section by:
(a) Determining student millage rankings by listing the median income per mill value under subdivision (1)(A)(iii) of this section for each school district from districts with the lowest median income per mill value to s
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-20-2502
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 6-20-2502. This identifies an authority to review, not proof of applicability.