ADE Director's Communication Memo Form


Memo Number : FIN-00-016

Date Created : 09/21/1999

Attention:

Superintendents
Co-op Directors

Type of Memo: Informational
Response Required: No
   
Section:   Public School Finance and Admin Support - Ms. Patricia Martin
Subject:
Rules and Regulations

Regulatory Authority:
See Below

Contact Person:
Ms. Patricia Martin

Phone Number:
501-682-5124

E-mail:
nnye@arkedu.k12.ar.us

Attached are the Rules and Regulations Governing Loans and Bonds Applications and Debt Service Funding Supplements. The changes made by amendment to these rules and regulations became effective September, 1999.

Rules and Regulations Governing Loans and Bonds Applications

Regulatory Authority:
Arkansas Code Annotated 6-11-105 (Repl. 1993) (Supp. 1995) as amended by Act 1323 of 1999; 6-20-1205(e) (Repl. 1993) (Supp. 1997)

This rule and regulation has been revised. The purpose of this rule and regulation is to set forth the criteria used by the Arkansas Department of Education Loans and Bonds Committee in reviewing loans and bonds applications.

Rules and Regulations Governing Debt Service Funding Supplements

Regulatory Authority:
Arkansas Code Annotated 6-11-105 (Repl. 1993) (Supp. 1995) as amended by Act 1323 of 1999; 6-20-305 (Supp. 1995)

The purpose of this rule and regulation is to provide a method for allocation of funds to school districts to reduce the debt service burdens voted by school districts and to increase local revenue available for maintenance and operations expenditures.

These Rules and Regulations are also available on the Department's Homepage, http://arkedu.state.ar.us/. Click on the subheading "State Board of Education," then "Rules and Regulations," then "Fiscal/School Funding Issues."


Attachments:

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