AZ HB2163

Amends section 15-1877 of Arizona Revised Statutes regarding scholarships and financial aid provisions related to college savings plan accounts.

Clarifies that balances in college savings plan accounts designated for students shall not be counted as assets or scholarships when determining financial need for state-appropriated financial assistance programs.

Applies the provision to state financial aid programs administered by colleges and universities, including the financial aid trust fund, leveraging educational assistance program, and private postsecondary education student financial assistance program.

Creates exceptions when federal law requires different treatment of account balances, when federal benefits would be lost, or when specific grant requirements mandate different consideration of account amounts.