AR HB1689

Amends education services cooperatives' authority to acquire facilities by adding options to borrow from a revolving loan fund or from other sources with approval from the Commissioner of Education and Director of Finance and Administration.

Clarifies the definition of "local contribution rate" for school district health insurance to mean the minimum contribution amount above the required minimum contribution rate.

Requires school districts to notify the Department of Education upon incurring debt, providing details including payee, purpose, maturity date, amount borrowed, interest rate, and amortization schedule.

Changes state foundation funding distribution from eleven (11) to twelve (12) equal monthly payments to school districts.

Modifies the student growth funding calculation timeline by changing final account closure deadlines from September 15-30 to September 10 of each year.