Tuition Adjustment Fund
When: May 1, 2021Details:
Act 1185 of 1995, Section 34 (A.C.A. 6-60-303 and 19-5-1076), established the Higher Education Tuition Adjustment Fund. The intent of the General Assembly in establishing this fund was to assure that certain out-of-state students who pay Arkansas income tax or who are dependents of Arkansas income taxpayers should have affordable access to the state’s higher education institutions. Act 978 of 2015 authorized the State’s Chief Fiscal Officer to transfer $350,000 from the Higher Education Grants Fund Account for the 2018 Fiscal Year to provide continued funding for this program.