This bill proposes several updates to the current statutes regarding the Arizona Teachers Academy. It introduces new provisions that allow eligible degree-granting private postsecondary educational institutions to participate in the Academy and receive funding from the Academy Fund. The bill also specifies that the reimbursement for scholarships provided by these private institutions cannot exceed the average in-state tuition and fees charged by Arizona public universities, minus any other financial aid the student receives. Additionally, it clarifies the definition of "eligible postsecondary institution" to include private institutions that opt to participate in the Academy.

Furthermore, the bill appropriates $10,000,000 from the state General Fund for fiscal year 2026 to support the Academy Fund. It makes technical and conforming changes to existing language, such as replacing "freshmen" with "freshman" and ensuring that the Arizona Board of Regents administers the fund. The bill also mandates that the Arizona Board of Regents report annually on the Academy's progress and expenditures, ensuring accountability and transparency in the use of the appropriated funds.

Statutes affected:
Introduced Version: 15-1655