The bill SB1489 establishes the Arizona Community College Promise Scholarship Program, Fund, and Commission to provide scholarships to eligible students attending community colleges. It appropriates $10,000,000 from the state General Fund for the fiscal year 2024-2025 to the newly established Fund. The bill outlines the composition of the Commission, which includes members appointed by the Senate President, House Speaker, and Governor, with expertise in community colleges and higher education financial aid.

The bill sets eligibility criteria for students to receive scholarships, including in-state status, a minimum 2.5 GPA from an Arizona high school, and meeting community college admission standards. Students must also complete the FAFSA and be eligible for the Federal Pell Grant. Scholarships can be up to $3,000 per year for a maximum of two years and can be used for any college costs, not just tuition. The Department of Administration is tasked with administering the Fund and providing student support services, including virtual mentoring and access to professional mentors. Students may reapply for a second year if they maintain eligibility, and the Fund's monies are continuously appropriated and exempt from lapsing.

Statutes affected:
Introduced Version: 41-710.03