AR SB267

Authorizes school district boards of directors to elect to operate a 200-instructional-day school year instead of the standard nine-month year, with no vacation period longer than 6 weeks and instruction ending by June 30.

Defines "qualified school districts" as those where all schools are in at least the first year of school improvement and 80% or more of enrolled students are eligible for national school lunch funding.

Provides all school districts operating a 200-day year the same state foundation funding as a nine-month year using the new average daily membership calculation, with qualified districts receiving an additional 6% per student state foundation funding.

Allows districts to use national school lunch state categorical funding for increased classroom instruction expenses resulting from the extended school year.

Requires State Board of Education approval for any school district to discontinue the 200-day school year, with decisions based on whether the change would benefit student academic achievement.

Becomes effective July 1, 2011 under emergency clause.