The proposed bill would update current statutes by introducing new provisions that prohibit public universities from using any funds to subsidize tuition for students not lawfully present in the United States. It would also mandate that resident undergraduate tuition rates be set at 2.5% lower than the rates established for FY 2025 for the fiscal years 2026, 2027, and 2028, while prohibiting any additional charges related to these reduced rates. Additionally, the bill would increase the maximum amount for lease-to-own and bond transactions that the Arizona Board of Regents (ABOR) can engage in from $800 million to $1.125 billion and establish new project approval requirements by the Joint Committee on Capital Review.

Furthermore, the bill would expand the Arizona Teachers Academy to include private postsecondary institutions and modify scholarship fund provisions, including retroactive investment requirements and adjustments to eligibility criteria. It would also delay the repeal date for the Spouses and Dependents of Law Enforcement Officers Tuition Scholarship Fund and redefine eligibility for that fund. The bill includes various technical and conforming changes, clarifies the board's authority, and introduces a new program for honors endorsements on high school diplomas. Overall, these updates aim to enhance governance, financial accountability, and educational opportunities within Arizona's higher education system.

Statutes affected:
Introduced Version: 15-1626, 15-1650.06, 15-1655, 15-1682.03, 15-1809, 15-1625, 35-115, 15-701.01, 15-1696, 15-1747, 35-190, 35-313, 32-2201, 15-1281, 5-572, 2008-2009, 2009-2010, 2026-2027, 2027-2028, 2028-2029, 2010-2011, 2011-2012, 15-1682.01, 15-1683
House Engrossed Version: 15-1626, 15-1650.06, 15-1655, 15-1682.03, 15-1809, 15-1625, 35-115, 15-701.01, 15-1696, 15-1747, 35-190, 35-313, 32-2201, 15-1281, 5-572, 2008-2009, 2009-2010, 2026-2027, 2010-2011, 2011-2012