SB646 Summary

• Reduces school bond sale advertisement requirements from 13 days to 8 days before the sale date, while maintaining publication on two separate dates in a newspaper.

• Establishes that second-lien bonds issued by school districts must have semiannual interest payments with repayment on either equalized or decelerated payment schedules.

• Adds "Building" definition to the Arkansas Public School Academic Facilities Funding Act as a structure used or intended for supporting or sheltering any use or occupancy.

• Makes life-cycle data from the 2004 state facility assessment advisory only and insufficient to support approval of projects or items in the approved projects list.

• Replaces "superintendent" with "local official" throughout fire hazard inspection requirements for schools, and clarifies that facility master plans must include updates on new public school facilities constructed since the last submission.