62 chapters · 2,849 sections in this title.
Ark. Code Ann. § 6-20-1227 [Repealed.]
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A.C.A. § 6-20-1227Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-1228 Issuance of bonds — Refunding of bonded indebtedness — Maintenance and operation of schools
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(a) (1) Any school district of this state is authorized to sell bonds in an amount not to exceed an amount equal to the principal amount of the bonds refunded as originally issued for the purposes of refunding all or any part of its bonded indebtedness outstanding at the time of …
Ark. Code Ann. § 6-20-1229 Issuance of second-lien commercial bonds — Definitions
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(a) As used in this section:(1) “Issue”, “issuance”, or some variety thereof means the date upon which a second-lien bond is actually sold; and(2) “Second-lien bond” means a commercial bond issued under the authority set forth in § 26-80-106. (1) “Issue”, “issuance”, or some vari…
Ark. Code Ann. § 6-20-1401 Rules
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The Commission for Arkansas Public School Academic Facilities and Transportation may make rules consistent with this subchapter that the commission determines are necessary to accomplish the purposes of this subchapter.
Ark. Code Ann. § 6-20-1402 [Repealed.]
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A.C.A. § 6-20-1402Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-1406 [Repealed.]
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A.C.A. § 6-20-1406Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-1407 Approval of building plans
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(a) As used in this section:(1) “Public school facility” has the same meaning as defined in § 6-21-803 of the Arkansas Public School Academic Facilities Program Act, § 6-21-801 et seq.; and(2) “Self-funded project” is a project that is one hundred percent (100%) raised and funded…
Ark. Code Ann. § 6-20-1408 [Repealed.]
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A.C.A. § 6-20-1408Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-1501 Title
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This subchapter shall be known as the “Public Elementary and Secondary School Insurance Act”.
Ark. Code Ann. § 6-20-1502 Establishment of insurance system
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The purpose of this subchapter is to establish and maintain a system of insurance for the public elementary and secondary schools, education service cooperatives, and open-enrollment public charter schools of Arkansas.
Ark. Code Ann. § 6-20-1503 State Insurance Department — Powers and duties regarding cybersecurity risks insurance for public elementary and secondary schools
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(1) It shall be the power and duty of the State Insurance Department to:(1) Adopt such rules as may be necessary to provide for the insuring of public elementary and secondary school, education service cooperative, and open-enrollment public charter school cybersecurity risks ins…
Ark. Code Ann. § 6-20-1504 [Repealed.]
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A.C.A. § 6-20-1504Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-1505 Information to be furnished
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The State Insurance Department shall have authority to require each school district, education service cooperative, or open-enrollment public charter school to furnish a complete report of its cybersecurity risks insurance program, including the expiration dates of its contracts,…
Ark. Code Ann. § 6-20-1506 Finding of uninsurability — Effect
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(a) The State Insurance Department may refuse to insure property insured for cybersecurity risks when it determines that the property does not meet program guidelines for cybersecurity risks insurance coverage. (b) The department may request and the affected school district shall…
Ark. Code Ann. § 6-20-1507 Premium rate and payment
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(a) The premium rate shall be actuarially sound. (b) School districts, education service cooperatives, or open-enrollment public charter schools shall make payment of premium when demand is made as scheduled in the contract. (c) (1) Any school district, education service cooperat…
Ark. Code Ann. § 6-20-1508 Payment of losses
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In the event of loss of a school district, education service cooperative, or open-enrollment public charter school property under the Public Elementary and Secondary School Insurance Program, the Public School Insurance Trust Fund shall pay the loss as specified in the contract.
Ark. Code Ann. § 6-20-1509 Effect of federal assistance
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Any school district, education service cooperative, or open-enrollment public charter school that may receive financial assistance from the United States Government as a result of federal legislation pertaining to disasters shall not be adversely affected as a result of any money…
Ark. Code Ann. § 6-20-1510 [Repealed.]
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A.C.A. § 6-20-1510Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-1511 Permanent Insurance Reserve Fund
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The General Assembly shall provide a Permanent Insurance Reserve Fund of not less than two million dollars ($2,000,000) on a loan basis for the purpose of initiating the Public Elementary and Secondary School Insurance Program.
Ark. Code Ann. § 6-20-1512 Disposition of funds
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(1) All funds received by the State Insurance Department as premiums, adjustments, earnings, and the like, as provided in this subchapter, shall be deposited into the Public School Insurance Trust Fund and used for the following purposes, listed in a descending order of priority:…
Ark. Code Ann. § 6-20-1513 [Repealed.]
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A.C.A. § 6-20-1513Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-1514 Investments
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(a) The State Insurance Department is authorized to invest funds of the Public Elementary and Secondary School Insurance Program. (b) Funds of the program may be invested and reinvested as the Insurance Commissioner may determine. (c) Moneys invested and interest earned thereon s…
Ark. Code Ann. § 6-20-1515 Annual reports
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The State Insurance Department shall report annually to the Governor and the General Assembly on the status of the Public Elementary and Secondary School Insurance Program. The report shall include a detailed statement of investments and earnings.
Ark. Code Ann. § 6-20-1801 Filing of audit reports
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(a) (1) Unless a shorter period is prescribed by law or rule, all school districts' annual audits not conducted by Arkansas Legislative Audit shall be completed and filed with the Division of Elementary and Secondary Education and Arkansas Legislative Audit within nine (9) months…
Ark. Code Ann. § 6-20-1802 Fiscal distress for failure to file
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(a) Any school district failing to file an audit report required by § 6-20-1801 within the nine-month time period or within the time period under any extension granted by the Division of Elementary and Secondary Education shall automatically be considered by the division to be in…
Ark. Code Ann. § 6-20-1803 Questionable audit reports
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(a) If the Division of Elementary and Secondary Education or the Legislative Joint Auditing Committee is concerned that a particular audit may be substandard or seriously questionable with respect to applicable professional auditing standards, the division or the Legislative Join…
Ark. Code Ann. § 6-20-1804 List of ineligible accountants
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(a) The Division of Elementary and Secondary Education shall maintain a list of accountants or accounting firms ineligible to conduct school district audits. Accountants or accounting firms placed on the ineligibility list by the division shall be ineligible to conduct school aud…
Ark. Code Ann. § 6-20-1805 Training requirements for bookkeepers
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(a) The State Board of Education shall establish by rules appropriate training and continuing education requirements for individuals whose job responsibilities include preparing a budget or classifying, recording, or reporting receipts or expenditures of a school or school distri…
Ark. Code Ann. § 6-20-1806 Services outside the scope of practice of auditors — Prohibited activities
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(1) A licensed certified public accountant or a licensed accountant in public practice shall not provide the following nonaudit services to a school district, education service cooperative, or open-enrollment public charter school if the licensed certified public accountant or th…
Ark. Code Ann. § 6-20-1901 Title
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This subchapter shall be known as and may be cited as the “Arkansas Fiscal Assessment and Accountability Program”.
Ark. Code Ann. § 6-20-1902 Purpose
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(1) The purpose of this subchapter shall be to improve Arkansas public school districts' financial practices and use of resources by establishing a:(1) System by which the Division of Elementary and Secondary Education shall review the financial management practices of public sch…
Ark. Code Ann. § 6-20-1903 Definitions
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(1) As used in this subchapter:(1) “Annexation” means the joining of an affected school district or part of the school district with a receiving district pursuant to § 6-13-1401;(2) “Consolidation” means the joining of two (2) or more school districts or parts of the districts to…
Ark. Code Ann. § 6-20-1904 Indicators of fiscal distress
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(a) A school district meeting any of the following criteria may be identified by the Division of Elementary and Secondary Education to be a school district in fiscal distress upon final approval by the State Board of Education:(1) (A) A declining balance determined to jeopardize …
Ark. Code Ann. § 6-20-1905 Notification and appeal
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(a) (1) (A) The Division of Elementary and Secondary Education shall provide written notice, via certified mail, return receipt requested, to the president of the board of directors and the superintendent of each public school district identified as being in fiscal distress.(B) T…
Ark. Code Ann. § 6-20-1906 Classification of fiscal distress status
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(a) Those school districts identified by the Division of Elementary and Secondary Education as being in fiscal distress shall be classified as school districts in fiscal distress upon final determination by the State Board of Education. (b) Any school district classified as in fi…
Ark. Code Ann. § 6-20-1907 Debt issuance
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No school district identified in fiscal distress may incur any debt without the prior written approval of the Division of Elementary and Secondary Education.
Ark. Code Ann. § 6-20-1908 Fiscal distress plan
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(a) Those school districts identified by the Division of Elementary and Secondary Education as being in fiscal distress shall file with the division within ten (10) days after the final classification by the State Board of Education a written fiscal distress improvement plan to a…
Ark. Code Ann. § 6-20-1909 Division fiscal distress actions
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(a) In addressing public school districts in fiscal distress, the Commissioner of Elementary and Secondary Education may:(1) Remove permanently, reassign, or suspend on a temporary basis the superintendent of the public school district and:(A) Appoint an individual in place of th…
Ark. Code Ann. § 6-20-1910 State board actions
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(a) After a public hearing, the State Board of Education shall consolidate, annex, or reconstitute the school district in fiscal distress to another school district or school districts upon a majority vote of a quorum of the members of the state board as permitted or required by …
Ark. Code Ann. § 6-20-1911 Rules
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(a) The Division of Elementary and Secondary Education shall promulgate rules as necessary to identify, evaluate, assist, and address school districts in fiscal distress. (b) The division may promulgate rules as necessary to administer this subchapter.
Ark. Code Ann. § 6-20-1912 Fiscal support and monitoring
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(a) When a public school district is returned to local control or removed from fiscal distress status, the Division of Elementary and Secondary Education:(1) Shall monitor the fiscal operations and accounts of the public school district for a period of three (3) years;(2) Shall p…
Ark. Code Ann. § 6-20-1913 General business manager — Definition
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(a) As used in this subchapter, “general business manager” means a chief financial officer or business manager, however the position is titled, who:(1) Is an employee of a public school district or has contracted to perform financial services;(2) Is responsible for the fiscal ope…
Ark. Code Ann. § 6-20-1914 Review of financial management practices
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(a) The Division of Elementary and Secondary Education shall implement a system for reviewing the financial management practices of public school districts to determine the support that is needed by public school districts. (b) The system established under subsection (a) of this …
Ark. Code Ann. § 6-20-2001 Purpose
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The purpose of this subchapter is to track and account for the amount of state funds that is used to support interschool athletic programs in public schools.
Ark. Code Ann. § 6-20-2002 Definitions
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(1) As used in this subchapter:(1) “Athletic expenditures” means all direct expenses related to interschool athletic programs, including without limitation:(A) The proportion of salaries or supplemental pay for staff for or related to interschool athletic programs or organized ph…
Ark. Code Ann. § 6-20-2003 Reporting by local school districts
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(a) (a) During the appropriate Arkansas Public School Computer Network reporting cycle each year, a school district shall submit appropriate data to the Division of Elementary and Secondary Education documenting the school district's total athletic expenditures paid from state fu…
Ark. Code Ann. § 6-20-2004 Rules
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The State Board of Education may promulgate any rules necessary for the implementation of this subchapter.
Ark. Code Ann. § 6-20-201 [Repealed.]
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A.C.A. § 6-20-201Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 6-20-202 Land Sales Fund
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(1) When the Treasurer of State receives the following proceeds from the Commissioner of State Lands, it shall be the duty of the Treasurer of State to set aside that amount to the credit of the Land Sales Fund:(1) The proceeds from the sale of all lands that have been or hereaft…
Ark. Code Ann. § 6-20-203 Public School Fund — Creation and management
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(a) (1) At the end of each fiscal year, the Treasurer of State shall transfer to the credit of the Public School Fund all unappropriated balances of the Land Sales Fund that have been or may be made to this state and that are not otherwise appropriated by the terms of the grant, …