SB1727 is a budget reconciliation bill that establishes the Spouses and Dependents of Law Enforcement Officers Tuition Scholarship Fund, administered by the Arizona Board of Regents (ABOR). The fund, consisting of legislative appropriations, is to be used from FYs 2024 through 2027 to award tuition scholarships to eligible spouses and dependents of law enforcement officers for enrollment in Arizona public universities, community colleges, career and technical education programs, or licensed private postsecondary institutions. The bill sets eligibility criteria, application procedures, and limits on scholarship amounts and duration. It also requires ABOR to report annually on the scholarship's impact and allows ABOR to adopt rules for fund administration.

Additionally, the bill directs ABOR to distribute monies for primary care residency programs to the Arizona Area Health Education System to support and expand residency positions, particularly in rural areas and health professional shortage areas. It includes provisions for the State Treasurer's investment responsibilities, continuation of certain state aid for community college districts, and other miscellaneous items. The bill becomes effective on the general effective date, with some retroactive provisions.