Ark. Code § 6-5-302

Current with legislation from 2024 Fiscal and Special Sessions.
Section 6-5-302 - Allocation and transfer of funds

From the moneys accruing to the Educational Excellence Trust Fund, the Treasurer of State on the last day of the month shall transfer to the various funds and fund accounts listed below, the amounts determined by applying each fund or fund account's proportionate part of the total of all such allocations set forth in this section to the amount available for distribution as determined in § 6-5-301:

FISCAL YEAR ENDING

Fund or Fund Accounts

June 30, 2002

June 30, 2003 & Thereafter

Division of Elementary and Secondary Education Public School Fund Account

$161,935,727

$164,138,382

Division of Career and Technical Education Public School Fund Account

9,518,065

10,032,555

Division of Elementary and Secondary Education Fund Account

762,901

804,138

Division of Career and Technical Education Fund Account

2,856,557

3,010,965

Higher Education Grants Fund Account

10,499,767

11,067,322

School for Math, Sciences, and Arts Fund

0

5,988,465

Institutions of Higher Education:

Arkansas State University Fund

4,797,713

5,057,049

Arkansas Tech University Fund

1,608,226

1,695,157

Henderson State University Fund

1,663,634

1,753,560

Southern Arkansas University Fund

983,576

1,036,743

University of Arkansas Fund

11,905,301

12,548,830

University of Arkansas at Little Rock Fund

4,224,809

4,453,177

University of Arkansas Medical Center Fund

7,274,293

7,667,498

University of Arkansas Medical Center Fund - Indigent Care

181,013

190,797

University of Arkansas at Monticello Fund

848,858

894,742

University of Arkansas at Pine Bluff Fund

1,473,599

1,553,253

University of Central Arkansas Fund

3,661,359

3,859,270

Arkansas State University-Beebe Fund

1,144,646

1,206,518

East Arkansas Community College Fund

599,022

631,401

National Park College Fund

895,921

944,349

Arkansas Northeastern College Fund

573,810

604,827

North Arkansas College Fund

353,775

372,898

Northwest Arkansas Community College Fund

791,763

834,561

Phillips Community College of the University of Arkansas Fund

583,366

614,899

University of Arkansas Community College at Rich Mountain Fund

158,120

166,667

SAU-Tech Fund

256,801

270,683

South Arkansas Community College Fund

409,688

431,833

University of Arkansas at Fort Smith Fund

2,437,691

2,569,458

TOTAL INSTITUTIONS OF HIGHER EDUCATION

$46,826,984

$49,358,170

Ark. Code § 6-5-302

Amended by Act 2017, No. 179,§ 5, eff. 7/1/2017.
Amended by Act 2016F, No. 141,§ 5, eff. 7/1/2016.
Acts 1991, No. 10, § 2; 1991, No. 1135, § 17; 1993, No. 830, § 1; 1995, No. 1172, § 1; 1997, No. 273, § 1; 1999, No. 1143, § 1; 2001, No. 558, § 1; 2003, No. 1305, § 8.