(A) The County Judge and the County Treasurer are authorized to distribute all funds received from the Arkansas Department of Education pursuant to Act 799 of 2003 (A.C. §§ 6-16-1101 and 15-41-209) by first determining the school districts eligible to receive funds, identifying each district’s total enrollment, and determining the percentage of each district’s enrollment to that of all districts’ enrollment combined, and then distribute such funds on the percentage determined for each school district.
(B) The calculation set forth in division (A) of this section shall be refigured annually upon receipt of Act 799 funds from the Arkansas Department of Education and shall then be distributed according to the percentage figured for each school district.
(Ord. 2005-2, passed 1-10-05)