The Arkansas 85th General Assembly created the Academic Facilities Partnership Program Act (Act 2206 of 2005) to provide state financial participation in the form of cash payments to a school district for eligible new construction projects. The law further states that participation is to be based on a school district’s Academic Facilities Wealth Index. The attached Guidelines and Application Form provide information for school districts to apply for partnership program state financial participation for fiscal years 2007-2008 and 2008-2009.
In order for a school district to be eligible for funding the following criteria must be met:
(1) The project must meet the definition of New Construction as defined in paragraph II E on page 4 of the Guidelines,
(2) The project must be a New Construction project which was included on the school district's facilities master plan submission on February 1, 2006. Projects not identified on the Master Plan will not be submitted at this time.
(3) The partnership application must be completed in accordance with the Guidelines application form,
(4) The partnership application must be post marked or received by the Division no later than 4:30 PM on November 1, 2006 for the FY 2007-2008 and FY 2008-2009 application years.
Please refer to http://www.arkansasfacilities.com for information on the Academic Facilities Partnership Program: Guidelines and Application Form.