SB122 Summary - Department of Higher Education Appropriation (2013-2014)

• Appropriates $4,084,531 for Department of Higher Education general operations, including $2,482,295 for regular salaries of 53 employees and $3,000 for temporary staff

• Appropriates $58,695,000 from Higher Education Grants Fund for student financial aid programs including Arkansas Academic Challenge Scholarships ($25,000,000), Governor's Scholars ($13,200,000), and various teacher education programs

• Appropriates $26,699,262 in Outcome-Centered Funding Awards to universities ($19,697,492) and colleges ($7,001,770) based on institutional performance metrics

• Appropriates $10,983,873 in TANF federal funds including $10,375,000 for self-sufficiency and job training grants, plus $3,000,000 for College Access Challenge Grant Program

• Appropriates $5,511,670 for health education grants and loans in dentistry, optometry, veterinary medicine, and other health professions for Arkansas students attending out-of-state institutions