Arkansas § 6-85-219 Reports to legislative committees

Arkansas Statutes

§ 6-85-219 — Reports to legislative committees

(a)(1) Annually by November 1, the Division of Higher Education shall report to the Legislative Council in the manner and format that the Legislative Council requires on all state-supported student financial assistance awarded by the division and awarded by approved institutions of higher education.

(2)The information provided shall include without limitation:

(A)Current year expenditures for scholarships and grants under the Arkansas Academic Challenge Scholarship Program;

(B)Projected obligations for succeeding years from each scholarship or grant funding source;

(C)Fund balances for the:

(i)Higher Education Grants Fund Account; and (ii) Trust accounts maintained by the Commissioner of the Division of Higher Education to hold the net proceeds from the state lottery;

(D)An evaluati

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(a) (1) Annually by November 1, the Division of Higher Education shall report to the Legislative Council in the manner and format that the Legislative Council requires on all state-supported student financial assistance awarded by the division and awarded by approved institutions of higher education. (2) The information provided shall include without limitation: (A) Current year expenditures for scholarships and grants under the Arkansas Academic Challenge Scholarship Program; (B) Projected obligations for succeeding years from each scholarship or grant funding source; (C) Fund balances for the: (i) Higher Education Grants Fund Account; and (ii) Trust accounts maintained by the Commissioner of the Division of Higher Education to hold the net proceeds from the state lottery; (D) An evaluation of whether the net proceeds from the state lottery available for the program supplement and do not supplant nonlottery state educational resources; and (E) Other information that the Legislative Council or the General Assembly requests. (b) Annually by December 1, the division shall report to the Legislative Council its recommendations for changes to the program, including without limitation: (1) Adjustments to the eligibility requirements of the program; and (2) Increases or decreases in the amounts awarded for a scholarship under the program based on the amount of net proceeds from the state lottery available. (c) Annually by December 31, the division shall report to the Legislative Council summary-level data, in accordance with § 6-85-216 , on recipients of scholarships under this subchapter.

Arkansas § 6-85-219 (Reports to legislative committees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Act 2023, No. 786,§ 30, eff. 4/12/2023. Amended by Act 2021, No. 80,§ 4, eff. 7/28/2021. Amended by Act 2021, No. 636,§ 1, eff. 4/12/2021. Amended by Act 2019, No. 910,§ 2185, eff. 7/1/2019. Amended by Act 2017, No. 868,§ 1, eff. 8/1/2017. Amended by Act 2015, No. 1258,§ 11, eff. 7/22/2015. Amended by Act 2015, No. 218,§ 12, eff. 2/26/2015. Amended by Act 2013, No. 1269,§ 1, eff. 8/16/2013. Amended by Act 2013, No. 1173,§ 14, eff. 4/12/2013. Acts 2009, No. 605, § 4; 2009, No. 606, § 4.