28.1 An education service cooperative that is classified by the State Board of Education as being in fiscal distress shall file with the Department of Education a fiscal distress plan that:
28.1.1 Addresses each area of fiscal distress identified by the Department of Education;
28.1.2 Describes how the education service cooperative will remedy the areas experiencing fiscal distress; and
28.1.3 Establishes the schedule by which the education service cooperative will implement the fiscal distress plan. The fiscal distress plan implementation schedule shall not exceed two (2) years from the date of the final classification of fiscal distress.
28.2 The Department of Education shall approve the fiscal distress plan before the education service cooperative implements the fiscal distress plan.
28.3 An education service cooperative identified as being in fiscal distress is required to receive on-site technical evaluation and assistance from the Department of Education.
Source: Ark. Code Ann. ยง 6-13-1028
Credits
Adopted July 16, 2012. Amended March 28, 2016; May 19, 2018.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 005.01.24-28.00, AR ADC 005.01.24-28.00
