The proposed bill, if enacted, would amend current statutes related to the Arizona Teachers Academy by allowing Arizona degree-granting private postsecondary educational institutions that offer postbaccalaureate teacher preparation programs to participate in the Academy. This inclusion would enable these institutions to receive funding from the Arizona Teachers Academy Fund. The bill also appropriates $10,000,000 from the state General Fund for fiscal year 2026 to support the Academy. Additionally, it establishes a cap on the scholarships provided by these institutions, limiting them to the remainder of the average in-state tuition and fees charged by Arizona public universities, after accounting for other financial aid.

Furthermore, the bill expands the definition of "eligible postsecondary institution" to include the aforementioned private institutions, while making technical and conforming changes to existing language. It clarifies that the Arizona Board of Regents will administer the fund and outlines the criteria for distributing funds to eligible institutions. The bill also specifies that if a scholarship exceeds tuition costs, the remaining funds can be used to support Arizona Teachers Academy costs. Overall, these updates aim to enhance the recruitment and retention of teachers in Arizona's public schools.

Statutes affected:
Introduced Version: 15-1655
House Engrossed Version: 15-1655