6 CAR § 270-104 – Classification of fiscal distress status

(a) Those school districts identified by the Division of Elementary and Secondary Education as being in fiscal distress shall be classified as school districts in fiscal distress upon final determination (classification) by the State Board of Education.
(b)
1. (1) Any school district classified as in fiscal distress shall be required to publish at least one (1) time for two (2) consecutive weeks in a newspaper of general circulation in the school district the:
  1. (A) School district’s classification as a school district in fiscal distress; and
  2. (B) Reasons why the school district was classified as being in fiscal distress.
2. (2) The district shall publish this announcement within thirty (30) days of the final classification by the state board.
3. (3) The newspaper of general circulation may be either a daily or weekly newspaper.
(c) The provisions of subsections (a) and (b) of this section are effective after the school district’s appeal rights in Arkansas Code § 6-20-1905 and 6 CAR § 270-105 have been exhausted.