Legislators To Get Arkansas Lottery Update

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The legislative committee that oversees the Arkansas lottery is to get an update on scholarship awards and on the lottery's finances.

The Lottery Oversight Committee meets at 1:30 p.m. Wednesday. Lottery Director Bishop Woosley is to describe the lottery's financial picture.

Interim Higher Education Department Director Shane Broadway is to update legislators on lottery-funded scholarship awards, of which students are presently being notified.

In the last session, legislators approved changing the formula for scholarship awards, switching to a system that gives freshmen $2,000 and adds $1,000 per year until topping out at $5,000 for seniors.

Some universities are supplementing awards for freshmen to help offset the change.