Ark. Code Ann. § 6-5-302
This is the official text of Ark. Code Ann. § 6-5-302, part of Arkansas’s Code Ann — part of the compiled statutory law of Arkansas, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Allocation and transfer of funds
Official statutory text
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 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.
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 :
rom 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
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
ansas 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
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.
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 :
rom 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
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
ansas 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
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.
Status: in_force
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