AR SB550

Creates the K-12 Public School Education Funding Legislative Task Force consisting of 18 members of the General Assembly, including the President Pro Tempore, Speaker, Majority and Minority Leaders from both chambers, plus 5 additional members from each chamber

Task force shall meet at least once every two months in Pulaski County at the State Capitol or via teleconference, with the Speaker calling the first meeting within 30 days of the 2023 Regular Session ending

Purposes include examining education funding law reforms, studying the effects of changing from prior-year to current-year average daily membership funding models, addressing small school funding inequities, and researching best practices for funding tied to student performance

Task force must file a preliminary written report by December 1, 2023, and a final written report by September 1, 2024, with recommendations for legislation to be considered in the 2025 regular session

Task force expires on December 31, 2024; members receive per diem and mileage compensation as authorized for interim committee attendance