Section 6-85-201 - FindingsThe General Assembly finds that:
(1) In approving Arkansas Constitution, Amendment 87, the citizens of this state provided an opportunity to increase the resources provided for higher education scholarships and grants through a state lottery;(2) The net proceeds from the state lottery, in addition to existing nonlottery state educational resources for scholarships and grants, will: (A) Encourage associate degree, certificate of proficiency program, and technical certificate program recipients and university juniors to complete a baccalaureate degree;(B) Provide opportunities for students more than one (1) year out of high school to enter or reenter higher education;(C) Provide an improved system of communication to students and parents about opportunities for higher education scholarships and grants in Arkansas; and(D) Provide an evaluation and analysis of all state funding for scholarships and grants and how the funding advances the state's goals for higher education; and(3) Changes to the Arkansas Academic Challenge Scholarship Program may be necessary from time to time to ensure the solvency of the program by spreading the program liabilities over a period of time while ensuring that there are scholarship dollars available for students who successfully complete their courses.Amended by Act 2021, No. 636,§ 1, eff. 4/12/2021.Amended by Act 2015, No. 1105,§ 1, eff. 7/1/2016.Acts 2009, No. 605, § 4; 2009, No. 606, § 4.