HB1507
An Act For The Department Of Education - Division Of Higher Education - Historically Black Colleges And Universities Grants And Expenses Appropriation For The 2023-2024 Fiscal Year.
Last Action (May 1, 2023): Died in House Committee at Sine Die Adjournment
Sponsors
AI-Generated Summary
House Bill 1507 is an appropriation act for the Arkansas Department of Education, Division of Higher Education, for the fiscal year ending June 30, 2024. It authorizes the allocation of $4,000,000 from the Higher Education Grants Fund Account. These funds are designated to provide scholarships to Historically Black Colleges and Universities (HBCUs) in Arkansas. Additionally, the funding covers personal services and operating expenses associated with outreach programs designed to promote awareness of these scholarships. The bill mandates compliance with state procurement, fiscal, and budgetary laws. Finally, it includes an emergency clause to ensure the funding becomes effective on July 1, 2023.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries are Historically Black Colleges and Universities (HBCUs) operating in Arkansas, which will receive financial support through these grants. Additionally, students attending or planning to attend these institutions benefit from the increased availability of scholarship funds, and potential students benefit from the outreach programs designed to increase awareness of these educational opportunities.
Who Might Suffer?
There are no groups specifically targeted to be negatively impacted by this legislation. However, from a fiscal perspective, other state-funded programs or agencies competing for limited funds within the Higher Education Grants Fund Account might experience relative constraints, as the allocation of $4 million to this specific program reduces the uncommitted balance available for other potential higher education initiatives.
Get Notified
Receive an email when this bill's status changes.