(a) An education service cooperative that is classified by the State Board of Education as being in fiscal distress shall file with the Division of Elementary and Secondary Education a fiscal distress plan that:
(1) Addresses each area of fiscal distress identified by the division;
(2) Describes how the education service cooperative will remedy the areas experiencing fiscal distress; and
(3)
(A) Establishes the schedule by which the education service cooperative will implement the fiscal distress plan.
(B) The fiscal distress plan implementation schedule shall not exceed two (2) years from the date of the final classification of fiscal distress.
(b) The division shall approve the fiscal distress plan before the education service cooperative implements the fiscal distress plan.
(c) An education service cooperative identified as being in fiscal distress is required to receive on-site technical evaluation and assistance from the division.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 10 - The Education Service Cooperative Act of 1985
§ 6-13-1002. Education service cooperatives established — Functions
§ 6-13-1003. Boundaries — Adjustments
§ 6-13-1004. Requests for establishment of education service cooperative — Requirements
§ 6-13-1005. Alteration of boundaries
§ 6-13-1006. Board of directors
§ 6-13-1007. Executive committee
§ 6-13-1008. Teacher center — Teacher center committee
§ 6-13-1009. Cooperative committees generally
§ 6-13-1011. Personnel generally
§ 6-13-1013. Policies and rules
§ 6-13-1014. Sharing and coordination of activities — Liaison
§ 6-13-1015. Liaison with postsecondary institutions
§ 6-13-1016. Annual surveys and needs assessments
§ 6-13-1017. Programs and services
§ 6-13-1018. Participation of local school districts — Contracts
§ 6-13-1019. Funding of education service cooperatives
§ 6-13-1020. Policies and procedures — Expenditures, reports, and audits
§ 6-13-1021. Evaluations — Performance rating
§ 6-13-1022. Dissolution of education service cooperative
§ 6-13-1023. Technology training center — Technology coordinator
§ 6-13-1025. Mathematics and science resource center — Mathematics and science coordinator
§ 6-13-1026. Cooperatives qualify as local education agencies
§ 6-13-1027. Fiscal distress — Definitions
§ 6-13-1028. Fiscal distress plan
§ 6-13-1029. Fiscal distress actions