Educational scholarships — Disbursement

Ark. Code Ann. § 6-18-2305 — under Students.

Ark. Code Ann. § 6-18-2305

(1) The average amount of all educational scholarships awarded by a scholarship-granting organization to qualified students under this subchapter shall not exceed:(1) Eighty percent (80%) of the previous school year's foundation funding amount under § 6-20-2305(a)(2) for qualified students who are in kindergarten through grade eight (K-8); and(2) Ninety percent (90%) of the previous school year's foundation funding amount under § 6-20-2305(a)(2) for qualified students who are in grades nine through twelve (9-12).

(1) Eighty percent (80%) of the previous school year's foundation funding amount under § 6-20-2305(a)(2) for qualified students who are in kindergarten through grade eight (K-8); and

(2) Ninety percent (90%) of the previous school year's foundation funding amount under § 6-20-2305(a)(2) for qualified students who are in grades nine through twelve (9-12).