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AR SB438
Bill
Status
4/27/2011
Primary Sponsor
Randy Laverty
Click for details
AI Summary
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Amends Arkansas Code § 6-20-2306 to prohibit the Department of Education from recouping foundation funding from school districts when their net revenue exceeds the foundation funding amount.
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Allows the Department of Education to address overpayments by withholding funds from subsequent state funding, transferring withheld amounts to the originating appropriation line item, or requesting refunds from school districts.
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Applies retroactively to any Department of Education action to recoup revenues from the uniform rate of tax from public school districts beginning in the 2010-2011 school year and thereafter.
Legislative Description
To Prohibit The Department Of Education From Recouping Net Revenues From The Uniform Rate Of Tax If The School District's Net Revenue Exceeds The Foundation Funding Amount.
Last Action
Senate Sine Die adjournment
4/27/2011