(a)The Division of Higher Education shall:
(1)Administer the Arkansas Teacher Academy Scholarship Program Fund; and (2) Establish criteria for distributing scholarships from the fund.
(b)On or before March 1, 2024, and each year thereafter, the division shall report to the Joint Budget Committee, or, if the General Assembly is not in session, the Legislative Council, and the Governor's office the following information:
(1)The total number of academy attendees enrolled in each eligible postsecondary institution's Arkansas Teacher Academy in the current academic year; and (2) The total number of Arkansas Teacher Academy graduates receiving induction services in the current academic year.
(c)On or before September 1, 2024, and each year thereafter, the division shall report to the Govern
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(a) The Division of Higher Education shall: (1) Administer the Arkansas Teacher Academy Scholarship Program Fund; and (2) Establish criteria for distributing scholarships from the fund. (b) On or before March 1, 2024, and each year thereafter, the division shall report to the Joint Budget Committee, or, if the General Assembly is not in session, the Legislative Council, and the Governor's office the following information: (1) The total number of academy attendees enrolled in each eligible postsecondary institution's Arkansas Teacher Academy in the current academic year; and (2) The total number of Arkansas Teacher Academy graduates receiving induction services in the current academic year. (c) On or before September 1, 2024, and each year thereafter, the division shall report to the Governor, President Pro Tempore of the Senate, and Speaker of the House of Representatives, with a copy submitted to the Secretary of State, the following information: (1) The total number of academy attendees enrolled in each eligible postsecondary institution's Arkansas Teacher Academy by year of college enrollment; (2) The percentage of academy attendees who complete each year of an eligible postsecondary institution's Arkansas Teacher Academy and who plan to continue to the subsequent year, delineated by each teacher preparation program offered by each eligible postsecondary institution as part of the Arkansas Teacher Academy; (3) The number of academy attendees who are currently teachers and who complete a program of study through an eligible postsecondary institution's Arkansas Teacher Academy; (4) The number of academy attendees who are currently teaching in a public school in the State of Arkansas as part of an agreement for receiving a scholarship under this subchapter; (5) The total number of Arkansas Teacher Academy graduates receiving induction services; (6) The number of academy attendees who have defaulted on their obligations under this subchapter and who are in repayment agreements; (7) The number of academy attendees who have deferred repayment agreements; (8) The number of academy attendees who have completed repayment agreements; (9) The methodology for distributing any moneys appropriated for the scholarships distributed under this subchapter to each eligible postsecondary institution and the amounts distributed to each eligible postsecondary institution; and (10) The amount of unused moneys in the fund from the previous fiscal year. (d) The division may promulgate rules to implement this subchapter.