Act 2206 of the 85th General Assembly is the Arkansas Public School Academic Facilities Funding Act. This Act created the Academic Facilities Wealth Index. The Academic Facilities Wealth Index will be used to determine the amount of the school district’s share of financial participation in a local academic facilities project eligible for state financial participation. The Academic Facilities Wealth Index is attached to this Memo. This calculation is based on data available June 17, 2005. The Index will be updated if the underlying data is updated.
Cindy Hedrick, Local Fiscal Services, will maintain the calculation of this Index. Direct questions to Ms. Hedrick at (501) 682-4258.
Dave Floyd, Division of Public School Academic Facilities and Transportation, is available to answer questions concerning the eligibility of local academic facilities projects at (501) 682-4261.