AR SB130

Repeals Arkansas Code Title 6, Chapter 85, Subchapter 1, which established the Arkansas Academic Challenge Scholarship Program — Part 1 effective immediately.

Eliminates the scholarship program that provided awards to Arkansas high school graduates who completed core curriculum requirements and demonstrated financial need for attendance at approved institutions.

Program had been set to expire on June 30, 2015, but this bill formally repeals all associated statutes governing eligibility, award amounts, duration, and administration of Part 1.

Removes provisions for forgivable loans to students who committed to teaching in critical shortage subject areas or geographical regions, including teaching service requirements and repayment obligations.

Affects existing scholarship recipients who applied under Part 1 prior to the program's expiration, as repealed language eliminates the legal framework governing their awards.