Yearly incentive bonus

(a) The Division of Elementary and Secondary Education shall promulgate rules for the nine-thousand-dollar yearly incentive bonus provided under this section for principals receiving master school principal status. (b) The division shall pay a yearly incentive bonus of nine thousand dollars ($9,000) for every school year for no more than five (5) years to any building-level principal who: (1) Receives a master school principal designation from the Arkansas Leadership Academy; and (2) At the time of receiving the bonus, is employed full time as a building-level principal in an Arkansas public school district. Amended by Act 2019, No. 315,§ 237, eff. 7/24/2019. Amended by Act 2019, No. 910,§ 1476, eff. 7/1/2019. Acts 2003 (2nd Ex. Sess.), No. 44, § 3. (a) The Division of Elementary and Secondary Education shall promulgate rules for the nine-thousand-dollar yearly incentive bonus provided under this section for principals receiving master school principal status. (b) The division shall pay a yearly incentive bonus of nine thousand dollars ($9,000) for every school year for no more than five (5) years to any building-level principal who: (1) Receives a master school principal designation from the Arkansas Leadership Academy; and (2) At the time of receiving the bonus, is employed full time as a building-level principal in an Arkansas public school district. (1) Receives a master school principal designation from the Arkansas Leadership Academy; and (2) At the time of receiving the bonus, is employed full time as a building-level principal in an Arkansas public school district. Amended by Act 2019, No. 315,§ 237, eff. 7/24/2019. Amended by Act 2019, No. 910,§ 1476, eff. 7/1/2019. Acts 2003 (2nd Ex. Sess.), No. 44, § 3.