Ark. Code § 6-85-503

Current with legislation from 2024 effective through May 3, 2024.
Section 6-85-503 - Consideration of bills
(a) The House Committee on Education and the Senate Committee on Education shall meet jointly during a regular session, extraordinary session, or fiscal session, as applicable, to consider any bill:
(1) Creating a new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable; or
(2) Affecting an existing scholarship that is funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable.
(b) A bill creating a new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, or affecting an existing scholarship that is funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, shall not be recommended to either chamber of the General Assembly except upon the affirmative vote of a majority of the members of the following, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable:
(1) House Committee on Education; and
(2) Senate Committee on Education.
(c) A lottery fiscal impact statement prepared for a bill as required under § 6-85-502 shall be amended each time the House Committee on Education and the Senate Committee on Education recommend to either chamber of the General Assembly a bill creating a new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, or affecting an existing scholarship that is funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, in order to account for the updated lottery fiscal impact, if any, the bill that proposes a new scholarship or amends an existing scholarship will have.

Ark. Code § 6-85-503

Added by Act 2021, No. 636,§ 3, eff. 4/12/2021.