AZ HB2321

Establishes a five-year pilot program under the Arizona Board of Regents to provide internships to students in science, technology, engineering, and mathematics (STEM) programs at Arizona universities.

Awards challenge scholarships up to $5,000 for a maximum of two academic years to eligible STEM students who maintain a 3.0 GPA, work as interns no more than 15 hours per week, and complete required semester credit hours.

Requires participating universities to admit at least 50 STEM students annually and develop partnerships with businesses to identify local STEM employment needs and provide internships.

Appropriates $1,000,000 annually from the general fund for fiscal years 2016-2017 through 2020-2021, with at least 50 percent of scholarship funds required to come from private sources.

Mandates annual reports to the governor and legislature on program participation and a final report by September 15, 2022 analyzing program effectiveness in stimulating business hiring and subsequent STEM employment of participants.