(a) A school district in this state may pay licensed personnel a nonrecurring salary payment from revenues not considered to be recurring sources of revenue.
(b) A nonrecurring salary payment under this section shall not increase the base salary of the recipient for purposes of calculation of future salary requirements.
(c) A nonrecurring salary payment under the provisions of this section shall be divided equally among licensed personnel employed by the school district at the time approved by the board of directors of the school district unless the board of directors and a majority of the licensed personnel agree to a different distribution.
(d) A payment to a targeted educator made in the form of a supplement as an addendum to a contract in fulfilling this section, and § 6-5-307(a) shall not be considered a nonrecurring salary payment under this section.
Structure Arkansas Code
Subtitle 2 - Elementary and Secondary Education Generally
Subchapter 4 - District Finances
§ 6-20-403. Authority to draw warrants — Countersignature
§ 6-20-404. Issuance of warrants to pay school bonds — Description of indebtedness
§ 6-20-405. Energy savings contract — Definitions
§ 6-20-410. School fiscal year
§ 6-20-411. Interest-free loans from federal agencies
§ 6-20-412. Nonrecurring salary payments
§ 6-20-414. Public-public partnerships — Definition