The proposed bill establishes the Public Service Scholarship Fund, which will be administered by the Arizona Board of Regents (ABOR). This fund will consist of legislative appropriations and other sources of funding, and the bill specifies that the funds are exempt from lapsing provisions. The ABOR is tasked with using the fund to provide scholarships to students who have completed a term of service in a federally supported national service program and subsequently received a federal postservice education award. The scholarships will be awarded on a first-come, first-served basis and will equal the amount of the federal postservice education award.

Additionally, the bill outlines specific eligibility requirements for scholarship recipients, including maintaining good academic standing and using the funds within three years of completing their service. Unused scholarship funds will revert back to the Public Service Scholarship Fund after this period. The bill also defines "educational institution" to include Arizona public universities and community colleges. An unspecified amount will be appropriated from the state General Fund to support this initiative in fiscal year 2026.

Statutes affected:
Introduced Version: 15-1706