FOR IMMEDIATE RELEASE
Brandi Hinkle, Communications Coordinator
Arkansas Department of Higher Education
AHECB approves $960.7M in operating recommendations for FY 2014-15
HARRISON, Ark. – The Arkansas Higher Education Coordinating Board approved $960.7 million in operating recommendations for the 2014-15 fiscal year, an increase of $133 million, over 2013-14 funding levels, at its quarterly meeting held at North Arkansas College in Harrison.
The AHECB’s recommendation seeks to continue to address the inequities in funding at the state’s two- and four-year colleges and universities. In personal services recommendation all line-item maximums would be increased by three percent. Arkansas Department of Higher Education staff will present the recommendations to the General Assembly in the fiscal session beginning Feb. 10, 2014.
In other business, the board approved the following new academic programs:
• North Arkansas College: Associate of Arts offered by distance technology
• Southeast Arkansas College: Associate of Arts offered by distance technology
• University of Arkansas for Medical Sciences: Bachelor of Science in Health Information and Doctor of Physical Therapy at the Northwest Campus of UAMS
The board also approved 98 new degree certifications from 25 colleges and universities through its Institutional Certification Advisory Committee, which evaluates and monitors degree programs offered to Arkansans by out-of-state institutions.
The board also approved the following bond issues:
• Arkansas State University, Jonesboro: $27.7 million for 30 years at a rate not to exceed 6.5 percent, with proceeds used to construct, furnish and equip a student activities center and to complete a humanities and social sciences building
• Arkansas Tech University, Russellville: $5.5 million for 30 years at a rate not to exceed 5.0 percent, with proceeds used to construct, furnish and equip an academic classroom, student support and administrative facility
• University of Central Arkansas, Conway: $13.8 million for 30 years at a rate not to exceed 5.75 percent, with proceeds used to design and construct five sorority houses and one National Pan-hellenic facility in a “Greek Village, Phase I” project
The agenda also included an athletics spending report for all state-supported universities and colleges that have athletic programs, which totaled $144.7 million.
The Arkansas Department of Higher Education is responsible for carrying out the policy directives of the AHECB, approving and reviewing college and university academic programs and developing funding recommendations for the state’s 11 public universities and 22 public two-year colleges as well as several other post-secondary entities.
In addition, the agency is responsible for distributing approximately $170 million annually from state revenues and lottery funds intended to ease the financial burden of students seeking an education beyond high school. For more information, visit www.adhe.edu