005.04.99 Ark. Code R. § 002 - PROPOSED Rule: Governing the Distribution of Isolated Funding

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.


005.04.99 Ark. Code R. § 002

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