Act 625 of 2007 amended Ark. Code Ann.§ 6-21-114. The law expanded the responsibilities of the Commission for Public School Academic Facilities and Transportation and established their authority to determine the recommended minimum insurance requirements for public school property, boiler and machinery and all buildings, structures, facilities and business personal property owned by a school district. The intent of this law is to ensure that all public school facilities in the state of Arkansas are adequately covered to a minimum which will provide for the replacement of the schools, and components thereof.
Rules detailing the recommended insurance coverage’s are posted on the Division website; http://www.arkansasfacilities.arkansas.gov.
School districts are encouraged to review the rules as requests for proposals are received for insurance policy renewals, and are additionally reminded that no state financial assistance is available in the event of a loss if a school district fails to have the minimum recommended coverage.