This bill aims to amend existing laws related to lottery-funded scholarships in the state of Arkansas. The new legal language inserted into the current law clarifies the purpose of the act, explicitly stating that it is intended to address and update the regulations surrounding these scholarships.

The proposed changes are part of a broader effort to enhance the framework governing lottery-funded scholarships, ensuring that they effectively serve the educational needs of students in Arkansas. The bill does not specify any deletions from current law, focusing instead on the introduction of new provisions to improve the scholarship system.