As used in this part:

1. (1) “Educational Excellence Trust Fund” means a fund for the Division of Elementary and Secondary Education made available to school districts for teacher salaries as provided for by Arkansas Code § 6-5-301 et seq.;

2. (2) “Foundation funding”:

   1. (A) Means the same as the definition set forth in Arkansas Code § 6-20-2303(8); and
   2. (B) Is the amount set forth in Arkansas Code § 6-20-2305(a)(2); and

3. (3)

   1. (A) "Licensed personnel" means a person holding a valid Arkansas standard teaching license, an ancillary license, a provisional license, or a technical permit issued by the State Board of Education.
   2. (B) "Licensed personnel" also includes a licensed or nonlicensed classroom teacher employed in a position under a waiver from licensure.