Arkansas Lawmakers Back $1.1Million For Scholarship Program
Arkansas lawmakers have approved tapping $1.1 million in reserve funds to make up for a shortfall in a program that helps students pursuing medical degrees that Arkansas schools don't offer pay for tuition at schools in other states.
The Arkansas Legislative Council on Friday approved transferring money from the state's Rainy Day Fund to the Health Education Grants program.
The grants help students pay out-of-state tuition for medical programs not offered at Arkansas schools, including veterinary medicine, dentistry and optometry.
Dwindling fund balances have left the state with enough money to continue existing aid, but the program faces cuts in new awards for incoming students.
The money will pay for assistance for 47 incoming students. Gov. Mike Beebe asked lawmakers to approve the transfer last month.