Fiscal Impact Statement
94th General Assembly of the State of Arkansas
Regular Session, 2023
______________________________________________________________________________
DATE: 2/15/2023
BILL: HB1413, As originally introduced
SPONSOR: Rep. Lundstrum
SUBTITLE:
TO AMEND THE LOTTERY-FUNDED SCHOLARSHIP PROGRAMS TO INCLUDE
VOCATIONAL-TECHNICAL SCHOOLS AND TECHNICAL INSTITUTES AS APPROVED
INSTITUTIONS OF HIGHER EDUCATION
______________________________________________________________________________
I. Net proceeds from the state lottery for the 4 immediately preceding years:
Year: Net Proceeds Amount:
2021-2022 $99,386,657
2020-2021 $106,417,224
2019-2020 $89,265,394
2018-2019 $98,639,040
II. Total amount of additional revenue available, if any:
Year: Source: Amount:
2021-2022 General Revenue $20,000,000
2020-2021 General Revenue $20,000,000
2019-2020 General Revenue $20,000,000
2018-2019 General Revenue $20,000,000
Prepared by Arkansas Department of Higher Education
III. Net proceeds used to fund the following during the 4 immediately preceding years:
ACADEMIC CHALLENGE SCHOLARSHIP: CONCURRENT CHALLENGE SCHOLARSHIP:
Year: Net Proceeds Used: Year: Net Proceeds Used:
2021-2022 $75,104,798 22021-2022 $2,737,648
2020-2021 $88,057,167 2020-2021 $2,783,517
2019-2020 $88,629,284 2019-2020 $588,599
2018-2019 $91,217,799 2018-2019 $0
WORKFORCE CHALLENGE SCHOLARSHIP OTHER SCHOLARSHIPS, IF ANY:
Year: Net Proceeds Used: Year: Net Proceeds Used:
2021-2022 $605,694 2021-2022 $0
2020-2021 $484,665 2020-2021 $0
2019-2020 $268,343 2019-2020 $0
2018-2019 $172,109 2018-2019 $0
AMOUNT USED TO FUND NURSING SCHOOL
SCHOLARSHIPS*:
Year: Net Proceeds Used:
*Scholarship awards paid to recipients
2021-2022 $122,250 attending approved schools of nursing are
funded only from nonlottery state
2020-2021 $42,875
educational resources as set forth under § 6-
2019-2020 $126,500 85-213.
2018-2019 $142,000
Prepared by Arkansas Department of Higher Education
IV. Comparison of information from Parts I and III:
Amount from year with the highest amount
of net proceeds used to fund Academic
Challenge Scholarships:
$91,217,799
Amount from year with the highest amount
of net proceeds used to fund Workforce
Challenge Scholarship:
$605,694
Amount from year with the highest amount
Amount from year with lowest amount of net of net proceed used to fund Concurrent
proceeds as determined under Section I: Challenge Scholarships:
$89,265,394 $2,783,517
Amount from year with the highest amount
of net proceeds used to fund other
scholarships, if any, other than nursing
scholarships under § 6-85-213:
$0
Amount from year with the highest amount
of net proceeds used to fund nursing
scholarships:
$142,000
Prepared by Arkansas Department of Higher Education
V. Highest estimated cost necessary to fund a new or amended scholarship:
$2,000,000
VI. Final lottery fiscal impact amount:
Step 1:
Amount from year with the Total amount of additional
lowest amount of net revenue available, if any,
Sum:
proceeds as determined determined under Section
under Section I: II:
$89,265,394 $20,000,000 $109,265,394
Step 2:
Highest estimated cost Total amount from years
necessary to fund the new with the highest amount of
or amended scholarship as net proceeds used to fund
determined under Section Academic Challenge,
V: Workforce Challenge,
Concurrent Challenge, and Sum:
other scholarships, if any,
as determined under
Section III:
$2,000,000 $94,749,010 $96,749,010
Step 3:
Amount determined under Step 1 Amount determined under Step 2 Difference:
$109,265,394 $96,749,010 $12,516,384
Prepared by Arkansas Department of Higher Education
Step 4:
 If the amount determined under Step 3 results in a positive number, the proposed new
scholarship or amendment to an existing scholarship may be considered as set forth under
§ 6-85-502(d).
 If the amount determined under Step 3 results in a negative number, the proposed new
scholarship or amendment to an existing scholarship should not be considered unless
requirements are met as set forth under § 6-85-502(d)(2).
Prepared by Arkansas Department of Higher Education


Statutes affected:
Old version HB1413 V2 - 2-20-2023 11:41 AM: 6-85-204(3), 6-85-302(1), 6-85-306, 6-85-402(1)
Old version HB1413 V3 - 4-4-2023 10:21 AM: 6-85-204(3), 6-85-302(1), 6-85-306, 6-85-402(1), 6-85-403(c)
HB 1413: 6-85-204(3), 6-85-302(1), 6-85-306, 6-85-402(1)