HB 2864 Summary

• Modifies community college district reimbursement formulas beginning in fiscal year 2022-2023, with counties paying a portion based on property tax levies and the state general fund covering the remainder.

• Establishes the Arizona Veterinary Loan Assistance Program within the Arizona Board of Regents to provide up to $100,000 in educational loan forgiveness to veterinarians who work in Arizona for four years, including two years in agricultural practice or shelter work.

• Creates the Spouses of Military Veterans Tuition Scholarship Fund to award tuition and mandatory fee scholarships to spouses of honorably discharged veterans enrolled in Arizona universities or community colleges, limited to four academic years or eight semesters.

• Conveys the mining, mineral and natural resources educational museum property from the Department of Administration to the University of Arizona for continued operation and maintenance.

• Authorizes reduced state matching funds for the Financial Aid Trust Fund for fiscal year 2022-2023 and specifies that community college district state aid amounts are determined by the general appropriations act.