2010 Arkansas Code
6-61-224. Funding formula -- Department of Higher Education.
Title 6 - Education
Subtitle 5 - Postsecondary And Higher Education Generally
Chapter 61 - Postsecondary Institutions Generally
Subchapter 2 - Arkansas Higher Education Coordinating Board
§ 6-61-224 - Funding formula -- Department of Higher Education.
(a) The Department of Higher Education will work with the state college and university Presidents Council to review, revise, and develop funding formulas which will, in principle, seek to provide fair and equitable state support to all postsecondary students across the state, regardless of the state institution attended, while at the same time recognizing:
(1) The different needs for lower level, upper level, and graduate level instruction at the various institutions;
(2) The requirements for specialized equipment, labs, and smaller class sizes in some disciplines;
(3) Unique missions such as agricultural extension services, research, medical sciences, workforce development, and public service; and
(4) Growth, economies of scale, and other appropriate factors.
(b) The formulas will be developed in consensus with the state college and university President's Council and presented to the Arkansas Higher Education Coordinating Board and the Joint Budget Committee for review.
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