As used in this part:

1. (1) “Administrative annexation” means the joining of an affected school district or a part of the school district in which the affected district as a whole has fewer than three hundred fifty (350) students with one (1) or more receiving school districts through a voluntary process set out in Arkansas Code § 6-13-1601 et seq.;
2. (2) “Administrative consolidation” means the joining of two (2) or more school districts, one (1) of which has fewer than three hundred fifty (350) students, to create a new single school district with one (1) administrative unit and one (1) board of directors that is not required to close school facilities through a voluntary process set out in Arkansas Code § 6-13-1601 et seq.;

3. (3) “Affected district” means a school district that:

   1. (A) Loses territory or students as a result of annexation or administrative annexation; or
   2. (B) Is involved in a consolidation or administrative consolidation;

4. (4) “Aggrieved district” means the lawfully constituted and existing board of directors of a school district that gains or loses territory or students as a result of an:

   1. (A) Annexation;
   2. (B) Administrative annexation;
   3. (C) Consolidation; or
   4. (D) Administrative consolidation;
5. (5) “Annexation” means the joining of an affected school district or part thereof with a receiving district;
6. (6) “Average daily membership (ADM)” has the same meaning as defined by the General Assembly in Arkansas Code § 6-20-2303;
7. (7) “Boundary change” means the process by which the territory of two (2) or more adjoining school districts is modified based on the petition of a single school district to the State Board of Education seeking modification to its geographic territory under Arkansas Code § 6-13-1414;
8. (8) “Consolidation” means the joining of two (2) or more affected school districts or parts thereof to create a new single school district;
9. (9) “Debt” means a legal liability, encumbrance, or contract, including employment contracts, to be paid out of future revenues or current reserves of the school district;

10. (10) “Receiving district” means a school district or districts that receive territory or students, or both, from an affected district as a result of:

    1. (A) Annexation; or
    2. (B) Administrative annexation;

11. (11) “Resulting district” means the new school district created from affected districts as a result of:

    1. (A) Consolidation; or
    2. (B) Administrative consolidation.
12. (12) “School district with fewer than three hundred fifty (350) students" means a school district with an average daily membership of fewer than three hundred fifty (350) students in the school year immediately preceding the current school year; and
13. (13) “Voluntary transfer” means a student has transferred to a district other than the student’s resident district through a school choice transfer under Arkansas Code § 6-18-1901 et seq., or Arkansas Code § 6-18-227, or a student transfer under Arkansas Code § 6-18-316.