(a) Any bill filed with the Senate or the House of Representatives that creates a new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, or affects an existing scholarship that is funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, shall:(1) (A) Have a lottery fiscal impact statement attached to it.(B) A bill that creates a new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, or affects 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 taken up by the House Committee on Education and the Senate Committee on Education, meeting jointly, until a lottery fiscal impact statement is attached; and(2) Not take effect until at least one (1) year immediately following the year in which the scholarship was enacted.
(1) (A) Have a lottery fiscal impact statement attached to it.(B) A bill that creates a new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, or affects 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 taken up by the House Committee on Education and the Senate Committee on Education, meeting jointly, until a lottery fiscal impact statement is attached; and
(A) Have a lottery fiscal impact statement attached to it.
(B) A bill that creates a new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, or affects 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 taken up by the House Committee on Education and the Senate Committee on Education, meeting jointly, until a lottery fiscal impact statement is attached; and
(2) Not take effect until at least one (1) year immediately following the year in which the scholarship was enacted.
(b) The lottery fiscal impact of a bill that creates a new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, or affects an existing scholarship that is funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, shall be determined as follows:(1) The amount of net proceeds from the state lottery during each of the last four (4) years immediately preceding the year in which the proposed bill is being considered, listed separately;(2) The total amount of additional revenue that is not net proceeds from the state lottery that is available, if any, to use as additional funding for scholarships;(3) The amount of net proceeds necessary to fund scholarships under the Arkansas Academic Challenge Scholarship Program, § 6-85-201 et seq., during each of the last four (4) years immediately preceding the year in which the proposed bill is being considered, listed separately;(4) The amount of net proceeds necessary to fund scholarships under the Arkansas Workforce Challenge Scholarship Program, § 6-85-301 et seq., during each of the last four (4) years immediately preceding the year in which the proposed bill is being considered, listed separately;(5) The amount of net proceeds that was necessary to fund scholarships under the ACCESS to Acceleration Scholarship Program, § 6-85-701 et seq., during each of the last four (4) years immediately preceding the year in which the proposed bill is being considered, listed separately;(6) The amount of net proceeds necessary to fund any other scholarships funded with net proceeds from the state lottery, if any, during each of the last four (4) years, or number of years available, immediately preceding the year in which the proposed bill is being considered, listed separately;(7) The year with the lowest amount of net proceeds from the state lottery, as determined under subdivision (b)(1) of this section, shall be compared with each of the following, listed separately:(A) The year with the highest amount of net proceeds necessary to fund scholarships under the Arkansas Academic Challenge Scholarship Program, § 6-85-201 et seq., as determined under subdivision (b)(3) of this section;(B) The year with the highest amount of net proceeds necessary to fund scholarships under the Arkansas Workforce Challenge Scholarship Program, § 6-85-301 et seq., as determined under subdivision (b)(4) of this section;(C) The year with the highest amount of net proceeds necessary to fund scholarships under the ACCESS to Acceleration Scholarship Program, § 6-85-701 et seq., as determined under subdivision (b)(5) of this section; and(D) The year with the highest amount of net proceeds necessary to fund any other scholarships funded with net proceeds from the state lottery, if any, as determined under subdivision (b)(6) of this section; and(8) The highest estimated cost necessary to fund a new scholarship to be funded with net proceeds from the state lottery or an existing scholarship that is funded with net proceeds from the state lottery.
(1) The amount of net proceeds from the state lottery during each of the last four (4) years immediately preceding the year in which the proposed bill is being considered, listed separately;
(2) The total amount of additional revenue that is not net proceeds from the state lottery that is available, if any, to use as additional funding for scholarships;
(3) The amount of net proceeds necessary to fund scholarships under the Arkansas Academic Challenge Scholarship Program, § 6-85-201 et seq., during each of the last four (4) years immediately preceding the year in which the proposed bill is being considered, listed separately;
(4) The amount of net proceeds necessary to fund scholarships under the Arkansas Workforce Challenge Scholarship Program, § 6-85-301 et seq., during each of the last four (4) years immediately preceding the year in which the proposed bill is being considered, listed separately;
(5) The amount of net proceeds that was necessary to fund scholarships under the ACCESS to Acceleration Scholarship Program, § 6-85-701 et seq., during each of the last four (4) years immediately preceding the year in which the proposed bill is being considered, listed separately;
(6) The amount of net proceeds necessary to fund any other scholarships funded with net proceeds from the state lottery, if any, during each of the last four (4) years, or number of years available, immediately preceding the year in which the proposed bill is being considered, listed separately;
(7) The year with the lowest amount of net proceeds from the state lottery, as determined under subdivision (b)(1) of this section, shall be compared with each of the following, listed separately:(A) The year with the highest amount of net proceeds necessary to fund scholarships under the Arkansas Academic Challenge Scholarship Program, § 6-85-201 et seq., as determined under subdivision (b)(3) of this section;(B) The year with the highest amount of net proceeds necessary to fund scholarships under the Arkansas Workforce Challenge Scholarship Program, § 6-85-301 et seq., as determined under subdivision (b)(4) of this section;(C) The year with the highest amount of net proceeds necessary to fund scholarships under the ACCESS to Acceleration Scholarship Program, § 6-85-701 et seq., as determined under subdivision (b)(5) of this section; and(D) The year with the highest amount of net proceeds necessary to fund any other scholarships funded with net proceeds from the state lottery, if any, as determined under subdivision (b)(6) of this section; and
(A) The year with the highest amount of net proceeds necessary to fund scholarships under the Arkansas Academic Challenge Scholarship Program, § 6-85-201 et seq., as determined under subdivision (b)(3) of this section;
(B) The year with the highest amount of net proceeds necessary to fund scholarships under the Arkansas Workforce Challenge Scholarship Program, § 6-85-301 et seq., as determined under subdivision (b)(4) of this section;
(C) The year with the highest amount of net proceeds necessary to fund scholarships under the ACCESS to Acceleration Scholarship Program, § 6-85-701 et seq., as determined under subdivision (b)(5) of this section; and
(D) The year with the highest amount of net proceeds necessary to fund any other scholarships funded with net proceeds from the state lottery, if any, as determined under subdivision (b)(6) of this section; and
(8) The highest estimated cost necessary to fund a new scholarship to be funded with net proceeds from the state lottery or an existing scholarship that is funded with net proceeds from the state lottery.
(c) In addition to the information required under subsection (b) of this section, the final lottery fiscal impact of the new scholarship to be funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, or an existing scholarship that is funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, shall include and be calculated as follows:(1) Add the amount of net proceeds from the year with the lowest amount of net proceeds from the state lottery as determined under subdivision (b)(1) of this section to the total amount of additional revenue available, if any, under subdivision (b)(2) of this section;(2) Add the amount determined under subdivision (b)(8) of this section to each of the amounts determined under:(A) Subdivision (b)(7)(A) of this section;(B) Subdivision (b)(7)(B) of this section;(C) Subdivision (b)(7)(C) of this section; and(D) Subdivision (b)(7)(D) of this section, if any; and(3) Subtract the total amount determined under subdivision (c)(2) of this section from the total amount determined under subdivision (c)(1) of this section.
(1) Add the amount of net proceeds from the year with the lowest amount of net proceeds from the state lottery as determined under subdivision (b)(1) of this section to the total amount of additional revenue available, if any, under subdivision (b)(2) of this section;
(2) Add the amount determined under subdivision (b)(8) of this section to each of the amounts determined under:(A) Subdivision (b)(7)(A) of this section;(B) Subdivision (b)(7)(B) of this section;(C) Subdivision (b)(7)(C) of this section; and(D) Subdivision (b)(7)(D) of this section, if any; and
(A) Subdivision (b)(7)(A) of this section;
(B) Subdivision (b)(7)(B) of this section;
(C) Subdivision (b)(7)(C) of this section; and
(D) Subdivision (b)(7)(D) of this section, if any; and
(3) Subtract the total amount determined under subdivision (c)(2) of this section from the total amount determined under subdivision (c)(1) of this section.
(d) (1) (A) If the final lottery fiscal impact as determined under subdivision (c)(3) of this section results in a positive number, the House Committee on Education and the Senate Committee on Education, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable, may refer 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 amending an existing scholarship funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, to either chamber of the General Assembly for consideration.(B) The referral of a bill under subdivision (d)(1)(A) of this section shall require approval by a separate vote of House Committee on Education members and Senate Committee on Education members, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable.(2) If the final lottery fiscal impact as determined under subdivision (c)(3) of this section results in a negative number, the House Committee on Education and the Senate Committee on Education, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable, shall not refer the bill to either chamber of the General Assembly for consideration unless:(A) The bill is amended to ensure the final lottery fiscal impact results in a positive number; or(B) Additional funding is provided through the General Revenue Fund Account.
(1) (A) If the final lottery fiscal impact as determined under subdivision (c)(3) of this section results in a positive number, the House Committee on Education and the Senate Committee on Education, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable, may refer 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 amending an existing scholarship funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, to either chamber of the General Assembly for consideration.(B) The referral of a bill under subdivision (d)(1)(A) of this section shall require approval by a separate vote of House Committee on Education members and Senate Committee on Education members, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable.
(A) If the final lottery fiscal impact as determined under subdivision (c)(3) of this section results in a positive number, the House Committee on Education and the Senate Committee on Education, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable, may refer 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 amending an existing scholarship funded with net proceeds from the state lottery or the Higher Education Grants Fund Account, as applicable, to either chamber of the General Assembly for consideration.
(B) The referral of a bill under subdivision (d)(1)(A) of this section shall require approval by a separate vote of House Committee on Education members and Senate Committee on Education members, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable.
(2) If the final lottery fiscal impact as determined under subdivision (c)(3) of this section results in a negative number, the House Committee on Education and the Senate Committee on Education, meeting jointly during a regular session, extraordinary session, or fiscal session, as applicable, shall not refer the bill to either chamber of the General Assembly for consideration unless:(A) The bill is amended to ensure the final lottery fiscal impact results in a positive number; or(B) Additional funding is provided through the General Revenue Fund Account.
(A) The bill is amended to ensure the final lottery fiscal impact results in a positive number; or
(B) Additional funding is provided through the General Revenue Fund Account.
(e) The lottery fiscal impact statement shall be substantially in the following form:
Lottery Fiscal Impact Statement I. Net proceeds from the state lottery for the 4 immediately preceding years: Year: | Net Proceeds Amount: II. Total amount of additional revenue available, if any: Source: | Amount: III. Net proceeds used to fund the following during the 4 immediately preceding years: ACADEMIC CHALLENGE SCHOLARSHIP: | ACCESS TO ACCELERATION SCHOLARSHIP: Year: | Net Proceeds Used: | Year: | Net Proceeds Used: WORKFORCE CHALLENGE SCHOLARSHIP: | OTHER SCHOLARSHIPS, IF ANY: Year: | Net Proceeds Used: | Year: | Net Proceeds Used: AMOUNT USED TO FUND NURSING SCHOOL SCHOLARSHIPS*: Year: | Net Proceeds Used: | *Scholarship awards paid to recipients attending ap- proved schools of nursing are funded only from nonlot- tery state educational resources as set forth under Ar- kansas Code § 6-85-213. IV. Comparison of information from Parts I and III: Amount from year with the highest amount of net proceeds used to fund Academic Chal- lenge Scholarships Amount from year with the highest amount of net proceeds used to fund Workforce Chal- lenge Scholarships Amount from year with the lowest amount of net pro- | Amount from year with ceeds as determined under Section I | the highest amount of net proceeds used to fund ACCESS to Accel- eration Scholarships Amount from year with the highest amount of net proceeds used to fund other scholarships, if any, other than nurs- ing scholarships under Arkansas Code § 6-85- 213 V. Highest estimated cost necessary to fund a new or amended scholarship: VI. Final lottery fiscal impact amount: Step 1: Amount from year with the | + | Total amount of additional | = lowest amount of net pro- | revenue available, if any, ceeds | determined under Section II determined under Section I Step 2: Highest estimated cost | + | Total amount from years | = necessary to fund new or | with amended scholarship as | the highest amount of net determined under Section | proceeds used to fund Aca- V | demic Challenge, Workforce Chal- lenge, ACCESS to Acceleration, nursing school scholarships, and other scholarships, if any, as determined under Section III Step 3: Amount determined under | - | Amount determined under | = Step 1 | Step 2 Step 4: (a) If the amount determined under Step 3 results in a positive number, the proposed new scholarship or amendment to an existing scholarship may be considered as set forth under Arkansas Code § 6-85-502(d)(1). (b) If the amount determined under Step 3 results in a negative number, the proposed new scholarship or amendment to an existing scholarship should not be considered unless requirements are met as set forth under Arkansas Code § 6-85-502(d)(2).