Stricken language would be deleted from and underlined language would be added to present law. *TNL162* 2/21/2023 11:11:27 AM TNL162 State of Arkansas 1 94th General Assembly A Bill 2 Regular Session, 2023 SENATE BILL 304 3 4 By: Senator Stone 5 By: Representative Gonzales 6 7 For An Act To Be Entitled 8 AN ACT CONCERNING A CONTRACT OF EMPLOYME NT FOR A 9 PUBLIC SCHOOL DISTRI CT SUPERINTENDENT; T O SPECIFY 10 TERMS REGARDING TERM INATION AND BUYOUT A GREEMENTS 11 THAT A CONTRACT OF E MPLOYMENT FOR A PUBL IC SCHOOL 12 DISTRICT SUPERINTEND ENT SHALL INCLUDE; A ND FOR OTHER 13 PURPOSES. 14 15 16 Subtitle 17 TO SPECIFY TERMS REGARDING TERMINATION 18 AND BUYOUT AGREEMENTS THAT A CONTRACT OF 19 EMPLOYMENT FOR A PUBLIC SCHOOL DISTRICT 20 SUPERINTENDENT SHALL INCLUDE. 21 22 23 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF ARKANSAS: 24 25 SECTION 1. Arkansas Code ยง 6 -17-301(b), concerning the contract of 26 employment for a superintendent, is amended to read as follows: 27 (b)(1) A superintendent's contract of employment or an amendment to a 28 superintendent's contract of employment with a school district may shall 29 include standards for which a superintendent may be terminated for cause and 30 without the school district's having any further financial obligation to the 31 superintendent if: 32 (1) The school district has: 33 (A) Been placed on fiscal distress by the Division of 34 Elementary and Secondary Education because of: 35 (i) Commitments made by the superintendent of which 36 SB304 2 2/21/2023 11:11:27 AM TNL162 the school district board of directors had no notice or knowledge; or 1 (ii) A material misrepresentation made by the 2 superintendent concerning the school district's finances that the school 3 district board of directors relied upon to the detriment of the school 4 district; 5 (B) Exhausted all appeals of the division's decision 6 regarding the fiscal distress determination; 7 (2) The superintendent was provided: 8 (A) Notice of the reason for termination; 9 (B) A hearing to allow the superintendent to explain or 10 rebut the reasons stated in the notice; and 11 (C) A record of the hearing provided at the expense of the 12 school district; and 13 (3) The superintendent's contract was terminated by a majority 14 vote of the full school district board of directors after the hearing 15 described in subdivision (b)(2)(B) of this section . 16 (2) A contract buyout agreement shall not use: 17 (A)(i) More than twelve (12) months' worth of state funds 18 to compensate an outgoing superintendent. 19 (ii) However, the use of state funds for a contract 20 buyout agreement shall not exceed the amount of money owed to the 21 superintendent under the remaind er of his or her contract of employment with 22 a school district; or 23 (B) State funds to compensate an outgoing superintendent 24 for any term exceeding the remainder of the current fiscal year. 25 (3) Subdivision (b)(1) of this section does not prohibit a 26 public school district from authorizing an outgoing superintendent to obtain 27 employment as either a teacher or other agreed -upon employment position other 28 than the position of superintendent within the public school district. 29 30 31 32 33 34 35 36