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Arkansas Code Title 6. Education § 6-23-508. Facilities funding for open-enrollment public charter schools

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) The Department of Education may:

(1) Provide for an open-enrollment public charter school facilities funding program, subject to appropriations by the General Assembly;

(2)(A) Contract with a third-party administrator to administer the program established under subdivision (a)(1) of this section.

(B) Funds shall be granted to the third-party administrator to create a revolving loan fund for the purpose of financing open-enrollment public charter school facilities projects under this section; and

(3) Establish procedures for administering the fund program established under subdivision (a)(1) of this section.

(b) Eligible open-enrollment public charter schools shall be in academic and financial good standing, as determined by the State Board of Education.

(c) The state board may promulgate rules to implement this section.

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Cite this article: FindLaw.com - Arkansas Code Title 6. Education § 6-23-508. Facilities funding for open-enrollment public charter schools - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-6-education/ar-code-sect-6-23-508/

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