HB2321- public service scholarship fund (Lieberman)

This bill establishes the John McCain Public Service Scholarship Fund, to be administered by the Commission for Postsecondary Education, to provide scholarships to students who complete a term of service in a national service program, receive a federal postservice education award, and use the award to attend an educational institution in Arizona.

Appropriates the following amounts from the general fund to the scholarship fund:

=       FY20: $1M

=       FY21: Either $1M or $2M, depending on the amount of scholarship money awarded in the previous year

=       FY22: Either $3M or the amount deposited in FY21, depending on the amount of scholarship money awarded in the previous year.

Specifies that the fund is to be continously funded.  

Requires the Comission for Postsecondary Education to notify the President of the Senate, the Speaker of the Hose, the Director of the JLBC and the State Treasurer of the total amount awarded for the current FY.