Legislators To Get Arkansas Lottery Update
By Associated Press
•
Jun 5, 2013
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.