§ 6-15-2107 - Arkansas School Recognition Program.
               	 		
6-15-2107.    Arkansas School Recognition Program.
    (a)  The  General Assembly finds that there is a need for an incentive program  for outstanding schools. The General Assembly further finds that  performance-based incentives are commonplace in the private sector and  should be infused into the public sector as a reward for productivity.
(b)  The Arkansas School Recognition Program is created to provide financial awards to public schools that are at:
      (1)  A category level of level 5 or level 4 pursuant to    6-15-2103 and at least a level 3 pursuant to    6-15-2102; or
      (2)  A category level of level 5 or level 4 school pursuant to    6-15-2102.
(c)    (1)  Each  school meeting the requirements set out in subdivision (b)(1) or (2) of  this section shall receive performance-based funding in the amount of  one hundred dollars ($100) per student who participated in the school's  assessment program.
      (2)  All schools meeting both criteria shall receive rewards for both categories.
      (3)  Each  school that receives performance-based funding shall submit a proposal  for its spending of the performance-based funding to the Department of  Education.
      (4)  The department shall:
            (A)  Review and approve each proposal; and
            (B)  Approve spending of performance-based funding for academic expenses only as set forth in subsection (f) of this section.
(d)  All  public schools, including charter schools, that receive school category  levels pursuant to      6-15-2102 and 6-15-2103 are eligible to  participate in the program.
(e)    (1)  All eligible schools shall receive performance-based funding.
      (2)    (A)  Funds  shall be distributed to the school's fiscal agent and placed in the  school's account and shall be used for purposes listed in subsection (f)  of this section as determined by a committee which shall include:
                  (i)  The principal;
                  (ii)  A teacher elected by the faculty; and
                  (iii)  A parent representative selected by the local Parent Teacher Association or some other local parental involvement group.
            (B)  The committee shall make its determination by December 15 of each applicable year.
(f)  School recognition awards shall be used for the following:
      (1)  Nonrecurring bonuses to the faculty and staff;
      (2)  Nonrecurring expenditures for educational equipment or materials to assist in maintaining and improving student performance; or
      (3)  Temporary personnel for the school to assist in maintaining and improving student performance.
(g)  The General Assembly shall appropriate and fund sufficient funds to implement this section.