ADE Director's Communication Memo Form

Memo Number : FIN-08-060

Date Created : 02/20/2008


Co-op Directors

Type of Memo: Informational
Response Required: No
Section:   Fiscal and Administrative Services - Dr. Bobbie Davis, Assistant Commissioner
Proposed Revisions to Rule Governing Loan and Bond Applications

Regulatory Authority:
Ark. Code Ann. §§ 6-11-105, 6-20-2511 and Act 995 of 2007

Contact Person:
Dr. Bobbie Davis

Phone Number:


At the February 11, 2008, meeting, the State Board of Education approved the request from the Arkansas Department of Education (ADE) to seek public input on the Proposed Rules Governing Loan and Bond Applications. This rule includes the new High Growth No Interest Loan Program. A public hearing will be held on Tuesday, March 25, 2008, from 10:00 a.m. to 11:00 a.m. in the ADE auditorium.

This rule was developed to implement Act 995 of the 2007 session.
Public notice will run in the Arkansas Democrat-Gazette from February 20-22, 2008. Written comments will be accepted in Dr. Bobbie Davis’ office, Room 103B, #4 Capitol Mall, Little Rock, AR 72201 until 3:00 p.m., Friday, March 28, 2008.


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