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 Department of Education Public School Fund Account $161,935,727 $164,138,382 Department of Career Education Public School Fund Account 9,518,065 10,032,555 Department of Education Fund Account 762,901 804,138 Department of Career 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 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
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Structure Arkansas Code
Subtitle 1 - General Provisions
Chapter 5 - Miscellaneous Provisions Relating to Elementary, Secondary, and Higher Education
Subchapter 3 - Educational Excellence Trust Fund
§ 6-5-302. Allocation and transfer of funds
§ 6-5-307. Classroom teacher salary requirement
§ 6-5-308. Legislative intent — Supplemental funding for public education