AZ HB2391

Establishes a five-year university centers pilot program requiring the Commission for Postsecondary Education to develop university centers in two counties with populations of 800,000 or less, with proposals evaluated based on access limitations, student demand, community support, and collaboration with existing baccalaureate providers.

Creates a five-year university access grant pilot program providing full-time students up to $2,500 annually and half-time students up to $1,250 annually for upper-division tuition, books, and fees; students must hold an associate degree or 60 transferable credit hours and demonstrate financial need or geographic/personal barriers to baccalaureate access.

Requires students receiving university access grants to complete a baccalaureate degree within four years of receiving the award or reimburse the program fund for all grants received.

Appropriates $2,000,000 from the state general fund in fiscal year 2012-2013 for the university access grant program fund (with no more than $200,000 for administrative costs) and $5,000,000 for the university centers pilot program (with no more than $500,000 for administrative costs).

Amends the Arizona tax code to remove the sunset date on the college savings plan contribution subtraction, extending it beyond December 31, 2012.