005.28.19 Ark. Code R. § 001 Rule Governing the Educator Compensation Reform Program

• Library: Arkansas Administrative Code
• Edition: 2023
• Currency: Current through Register Vol. 48, No. 12, December, 2023
• Citation: 005.28.19 Ark. Code R. § 001
• Year: 2023

Arkansas Division of Elementary and Secondary Education Rules Governing the School District Educational Excellence Trust Fund

Effective January 1, 2020

1.00 PURPOSE

1.01 These rules shall be known as the Arkansas Division of Elementary and Secondary Education ("Division") Rules Governing the School District Educational Excellence Trust Fund.

1.02 The purpose of these rules is to provide the process and procedures necessary to calculate and allocate the Educational Excellence Trust Fund available to school districts.

2.00 AUTHORITY

2.01 The Arkansas State Board of Education promulgated these rules pursuant to the authority granted to it by Ark. Code Ann. §§ 6-11-105, 6-5-301 et seq 6Title6-20-2301 et seq 19Educational Excellence Trust Fund19-5-942 and 25Title25-15-201 et seq., and Act 170 of 2019.

3.00 DEFINITIONS

As used in these rules:

3.01 "Educational Excellence Trust Fund" (Trust Fund) means a fund for the Division made available to school districts for teacher salaries as provided for by Ark Code Ann. § 6-5-301 et seq.

3.02 "Foundation Funding" means the same as the definition set forth in Ark. Code Ann. § 6-20-2303(7) and is the amount set forth in Ark. Code Ann. § 6-20-2305(a)(2).

3.03 "Licensed personnel" means a person holding a valid Arkansas standard teaching license, an ancillary license, a provisional license, or a technical permit issued by the State Board 3.02.1 "Licensed personnel" also includes a licensed or nonlicensed classroom teacher employed in a position under a waiver from licensure.

4.00 CALCULATION

4.01 Divide the Division total educational excellence trust fund available for distribution by the total foundation funding for all school districts to determine the percentage of foundation funding that is the educational excellence trust fund.

4.02 Calculate each district's educational excellence trust fund amount by multiplying the result of Section 4.01 by each district's foundation funding amount.

4.03 Changes to the total educational excellence trust fund available for distribution or changes to the foundation funding amount may result in revised educational excellence trust fund amounts.

5.00 ALLOCATION

5.01 The Trust Fund amount on the final State Aid Notice for the current...