# Arkansas SB232: TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY. Arkansas SB232, TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY., is a 2025 Regular Session Senate bill sponsored by Bruce Cozart (Republican), Jimmy Hickey, Jr (Republican); status enacted, last action 2025-04-07 (Notification that SB232 is now Act 429); PRIA reads it as touching household money (as of 2026-10-16). - Canonical: https://policyrisk.com/state-bill/AR-SB232-2025 - As of: 2026-10-16 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Arkansas SB232 - State: Arkansas - Session: 2025 Regular Session - Title: TO AMEND VARIOUS PROVISIONS OF THE ARKANSAS SCHOLARSHIP LOTTERY ACT; AND TO DECLARE AN EMERGENCY. - Status: enacted - Chamber: Senate - Introduced: 2025-02-13 - Last action: 2025-04-07, Notification that SB232 is now Act 429 - Sponsors: Bruce Cozart (Republican), Jimmy Hickey, Jr (Republican) - Cosponsors: 0 - Touches household money: yes - Roll calls: 2 (130 yes, 0 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - Fewer barriers to Concurrent Challenge scholarships: benefit, low. Beginning July 1, 2025, the law removes one barrier to Arkansas Concurrent Challenge Scholarships. Students cannot be denied because the Division of Higher Education borrowed from the scholarship reserve for Academic Challenge the previous year. Awards remain unavailable in any academic year with l… - New accounting rules for scholarship money: mixed, low. Beginning July 1, 2025, lottery proceeds include interest and other money earned through lottery operations. Scholarship net proceeds must follow generally accepted accounting principles. The calculation deducts operating expenses, money needed to bring the fidelity fund to $500,000, and undeprecia… - Scholarship reserve ends; money shifts: mixed, low. Beginning July 1, 2025, the law ends the Scholarship Shortfall Reserve Trust Account and its required deposits. The reserve no longer covers scholarship shortfalls, and the new Lottery Scholarship Trust Account pays scholarship awards and administration costs. The former reserve's $20 million must… ## Sponsors and cosponsors - Sponsor: Bruce Cozart (Republican), House - Sponsor: Jimmy Hickey, Jr (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-03-31 | House | House Vote - Monday, March 31, 2025 3:27:09 PM | pass | 97 | 0 | | | 2025-03-19 | Senate | Senate Vote - Wednesday, March 19, 2025 2:27:30 PM | pass | 33 | 0 | 1 | ## Actions (27) - 2025-04-07: Notification that SB232 is now Act 429 (Senate) - 2025-04-01: DELIVERED TO GOVERNOR. (Senate) - 2025-04-01: Reported correctly enrolled and ordered delivered to the Governor. (Senate) - 2025-03-31: ORDERED ENROLLED (Senate) - 2025-03-31: Returned from the House as passed. (Senate) - 2025-03-31: Returned to the Senate as passed. (House) - 2025-03-31: EMERGENCY CLAUSE ADOPTED (House) - 2025-03-31: Read the third time and passed and ordered transmitted to the Senate. (House) - 2025-03-19: Read the first time, rules suspended, read the second time and placed on the CALENDAR. (House) - 2025-03-19: RECEIVED FROM THE SENATE (House) - 2025-03-19: Ordered immediately transmitted to the House. (Senate) - 2025-03-19: EMERGENCY CLAUSE ADOPTED (Senate) - 2025-03-19: Read the third time and passed. (Senate) - 2025-03-18: REPORTED CORRECTLY ENGROSSED (Senate) - 2025-03-18: Amendment # 3 read the first time, rules suspended, read the second time and adopted, ordered engrossed. (Senate) - 2025-03-18: Placed on second reading for purpose of amendment. (Senate) - 2025-03-17: Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 3 (Senate) - 2025-03-11: Re-referred to EDUCATION COMMITTEE - SENATE (Senate) - 2025-03-11: REPORTED CORRECTLY ENGROSSED (Senate) - 2025-03-11: Amendment # 2 read the first time, rules suspended, read the second time and adopted, ordered engrossed. (Senate) - 2025-03-11: Withdrawn from Committee and placed on 2nd reading for purpose of amendment # 2 (Senate) - 2025-02-25: Re-referred to EDUCATION COMMITTEE - SENATE (Senate) - 2025-02-25: REPORTED CORRECTLY ENGROSSED (Senate) - 2025-02-25: Amendment # 1 read the first time, rules suspended, read the second time and adopted, ordered engrossed. (Senate) - 2025-02-25: Withdrawn from Committee and placed on 2nd reading for purpose of amendment # 1 (Senate) - 2025-02-13: Read first time, rules suspended, read second time, referred to EDUCATION COMMITTEE - SENATE (Senate) - 2025-02-13: Filed (Senate) ## Bill text - SB232 - Introduced, 2025-02-13: [PDF](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB232.pdf) - Act Version: [PDF](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=429.pdf&ddBienniumSession=2025%2F2025R) ## Related bills - HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025-2026 FISCAL YEAR. (enacted) - HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS. (failed) - HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO SET PENALTIES FOR A VIOLATION OF THE PROHIBITION OF SOLICITATION OF INJURED INDIV… (failed) - SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE USE OF ALKALINE HYDROLYSIS; AND TO REGULATE ALKALINE HYDROLYSIS FACILITIES. (failed) - HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO ALLOW A MUNICIPALITY TO PETITION TO SET ASIDE THE SALE OF PROPERTY TO CERTAIN P… (failed) - HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL ASSEMBLY; TO REQUIRE THAT A MEMBER OF THE HOUSE OF REPRESENTATIVES BE SELECTED A… (failed) ## Sources - [SB232 - Introduced (PDF)](https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FSB232.pdf) - [Act Version (PDF)](https://www.arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=429.pdf&ddBienniumSession=2025%2F2025R) ## Related - [HB1265: AN ACT FOR THE UNIVERSITY OF ARKANSAS AT LITTLE ROCK APPROPRIATION FOR THE 2025…](https://policyrisk.com/state-bill/AR-HB1265-2025) - [HB1686: TO AMEND THE LAW CONCERNING LICENSES TO CARRY CONCEALED HANDGUNS.](https://policyrisk.com/state-bill/AR-HB1686-2025) - [HB1237: TO PROHIBIT MEDICAL PROFESSIONALS FROM SOLICITING INJURED INDIVIDUALS; AND TO S…](https://policyrisk.com/state-bill/AR-HB1237-2025) - [SB440: TO AMEND THE LAW CONCERNING EMBALMERS AND FUNERAL DIRECTORS; TO REGULATE THE US…](https://policyrisk.com/state-bill/AR-SB440-2025) - [HB1695: TO CLARIFY THE FORECLOSURE PROCESS FOR PROPERTY SUBJECT TO A MUNICIPAL LIEN; TO…](https://policyrisk.com/state-bill/AR-HB1695-2025) - [HR1012: TO AMEND THE RULES OF THE HOUSE OF REPRESENTATIVES OF THE NINETY-FIFTH GENERAL…](https://policyrisk.com/state-bill/AR-HR1012-2025) - [Arkansas bills](https://policyrisk.com/states/arkansas/bills) - [Arkansas state hub](https://policyrisk.com/states/arkansas) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/AR-SB232-2025 (as of 2026-10-16).