SCR 1012 — community college students; teachers academy

3.

Individuals seeking postbaccalaureate coursework that results in professional certification.

4.

Teachers who are currently teaching a dual enrollment course to satisfy the requirements for teaching a dual enrollment course adopted by a higher learning commission that accredits degree-granting postsecondary educational institutions in the north central region, including this state.

5.

Students in noneducation programs to complete one or more teacher preparation courses to prepare the student to receive a teaching certification following graduation.

AllEach sucheligible moniespostsecondary institution shall bedevelop investedformalized inpartnerships safewith interest-bearingpublic securitiesschools andin prudentthis equitystate securitiesto consistentbuild withcommitments thefor requirementsteacher employment on completion of thisthe section.Arizona teachers academy.

The targeted deployment of teachers who have completed the academy shall be based on the needs of each school system and the community that is being served as well as the individual skills of each teacher.

TheEach legislatureeligible postsecondary institution shall establishprovide to each student who is enrolled in the Arizona teachers academy an annual scholarship up to the actual cost of tuition and fees for a boardmaximum of investmenttwo academic years or four semesters for graduate university students, up to servethe asactual trusteescost of tuition and fees for a maximum of four academic years or eight semesters for undergraduate university students, up to the permanentactual funds.cost of tuition and fees for a maximum of two FOUR academic years or four EIGHT semesters for community college students for tuition and fees associated with the student's program of study, up to the actual cost of obtaining national board certification and renewal, and up to the actual cost of obtaining a teaching certificate including the actual cost of the exam, after all other financial gifts, aid or grants received by that student or teacher.

TheScholarships boardunder shallthis providesubsection forare thesubject managementto ofall the assets of the fundsfollowing: consistent with the following conditions:

NotIf morethe thanstudent sixtydoes percentnot ofsuccessfully acomplete fundthe atacademic costyear mayin begood investedacademic instanding, equitiesthe atstudent anyshall time.- 2 - S.C.R.

1012 reimburse the Arizona board of regents for the total amount of the scholarship for tuition and fees the student received for that year.

EquitiesFor thateach areacademic eligibleyear forthat purchasethe arestudent restrictedsuccessfully tocompletes stocksand listed on any national stock exchange or eligible for tradingwhich through the Unitedstudent Statesreceives nationala associationscholarship offor securitiesall dealerstuition automatedand quotationfees, system,the orstudent successormust institutions,agree exceptto asteach mayfor beone prohibitedfull byschool generalyear criteriain or by a restrictionpublic onschool investment in a specific security adopted pursuant to this subsection.state.

For students who are teaching and receiving the scholarship concurrently, the commitment period begins after graduation from the Arizona teachers academy.

For teachers who are seeking a national board certification, the teaching commitment is one additional year after completing the requirements of the national board certification program.

NotIf morea thanstudent fiveenrolls percentin ofa allsummer ofterm, thethat fundsterm combined at cost may not be investedincluded in equitythe securitiescalculation issuedof by the samestudent's institution,postgraduation agencypublic orservice corporation,commitment. other than House Amendments to S.C.R.

10124. securities issued as direct obligations of and fully guaranteed by the United States government.

If the scholarship does not cover remaining tuition and fee costs after other aid received, the eligible postsecondary institution may not charge students the remaining difference.

If the scholarship amount exceeds tuition and fee costs at an eligible postsecondary institution, the eligible postsecondary institution may use the remaining amount to support Arizona teachers academy costs.

5.

If the student does not fulfill the student's obligation to teach in a public school, the student must reimburse the Arizona board of regents for the proportional amount of the scholarship for tuition and fees that the student received that corresponds to the number of school years the student agreed to teach but did not teach in a public school in this state.

6.

If the student is physically or mentally unable to fulfill the requirements of the Arizona teachers academy, the Arizona board of regents shall establish a process for assessing the student's ability to repay the financial assistance received and shall determine any terms of repayment.

7.

The Arizona board of regents shall establish a process for deferring service or repayment based on factors adopted by the board.

InThe makingArizona investmentsteachers underacademy thisfund sectionis theestablished stateconsisting treasurer and trustees shall exercise the judgment and care under the prevailing circumstances that an institutional investor of ordinarymonies prudence,deposited discretionpursuant and intelligence exercises in managing large investments entrusted to it,section not15-1281, insubsection regardD, toparagraph speculation,5 butand insection regard15-1809, tosubsection theE permanentand dispositionlegislative ofappropriations monies,made consideringfor the probablepurpose safety of capitaladministering as well as the probableArizona totalteachers rateacademy. of return over extended periods of time.

Monies in the - 3 - S.C.R.

1012 fund are continuously appropriated and are exempt from the provisions of section 35-190 relating to lapsing of appropriations.

The Arizona board of regents shall administer the fund and shall establish criteria for distributing monies in the fund to eligible postsecondary institutions each fiscal year to fund the costs of the academy.

Monies in the fund may be used only for:

1.

Reimbursing Arizona teachers academy scholarships that cover the balance of tuition and fees for undergraduate, graduate and postbaccalaureate students who are enrolled in the Arizona teachers academy after all other gifts and aid received.

2.

Support for teachers who are currently employed in a public school in this state and who are seeking a national board certification.

3.

Induction services for Arizona teachers academy graduates.

4.

Implementing a marketing and promotion plan to recruit and retain students in the Arizona teachers academy with particular emphasis on ensuring that participants reflect the diversity of this state's student population and administering the Arizona teachers academy.

Annual expenditures for marketing, promoting and administering the Arizona teachers academy may not exceed three percent of the monies in the fund each fiscal year.

TheMonies earnings,remaining interest,in dividendsthe andArizona realizedteachers capitalacademy gainsfund andat lossesthe fromend investment of aeach permanentfiscal fund,year shallmay be creditedused toby thateligible fund.postsecondary institutions for Arizona teachers academy costs in the next fiscal year.

TheOn or before March 1 each year, the Arizona board of investmentregents shall determinereport to the amountjoint oflegislative thebudget annualcommittee distributionsand requiredthe bygovernor's thisoffice sectionof strategic planning and allocatebudgeting distributionson pursuantall toof law.the following:

The annual distribution from the permanent funds:

ForThe fiscaltotal yearsnumber 2012-2013of throughstudents 2014-2015,enrolled shallin be two and one-half percent of the averageArizona monthlyteachers marketacademy valuesby ofeligible thepostsecondary fundinstitution forin the immediatelycurrent precedingacademic fiveyear. calendar years.

ForThe fiscalnumber years 2015-2016 through 2024-2025, shall be six and nine-tenths percent of theArizona averageteachers monthlyacademy marketgraduates valuesreceiving ofinduction theservices fund for the immediately preceding five calendar years, except that in fiscal year 2015-2016, the distributioncurrent madeacademic fromyear. the permanent state school fund shall be $259,266,200.

BeginningThe withestimated fiscalamount yearof 2025-2026,monies shallcommitted befrom two and one-half percent of the averageArizona monthlyteachers marketacademy values of the fund forin the immediatelycurrent precedingfiscal fiveyear. calendar years.

ForOn fiscalor yearsbefore 2015-2016September through1 2024-2025,each Anyyear, increasethe inArizona expendableboard earningsof underregents sectionshall 37-521,report subsectionto B,the paragraphgovernor, 4,the Arizonapresident Revised Statutes, that results from a distribution of morethe thansenate two and one-halfthe percentspeaker of the averagehouse monthly market values of therepresentatives, fundand forshall thesubmit immediatelya precedingcopy five calendar years pursuant to subsectionthe G,secretary paragraph 2 of thisstate, sectionon shallall beof appropriatedthe ASfollowing: FOLLOWS:

1.- 4 - S.C.R.

THE1012 FOLLOWING1. AMOUNTS TO PAY THE PRINCIPAL OF AND THE INTEREST AND REDEMPTION CHARGES ON BONDED INDEBTEDNESS OR OTHER LAWFUL LONG-TERM OBLIGATIONS ISSUED OR INCURRED FOR THE PURPOSE OF MAINTAINING THE ADEQUACY OF SCHOOL FACILITIES:

(a)The INtotal FISCALnumber YEARof 2026-2027,students $36,800,000.enrolled in the Arizona teachers academy at each eligible postsecondary institution by year of college enrollment and the number of teachers receiving a scholarship through the Arizona teachers academy for national board certification.

(b) IN FISCAL YEAR 2027-2028, $73,600,000.

(c) IN EACH OF FISCAL YEARS 2028-2029 THROUGH 2045-2046, $110,400,000.

NOTWITHSTANDINGThe SUBSECTIONSpercentage Aof ANDstudents Bwho OFcompleted THISeach SECTION,year THEof FOLLOWINGthe AMOUNTSacademy TOand THEwho STATEplan LANDto DEPARTMENT,continue ORto ITSthe -2-subsequent Houseyear, Amendmentsdelineated toby S.C.R.each teacher preparation program offered by each eligible postsecondary institution as part of the Arizona teachers academy.

1012 SUCCESSOR, FOR COSTS TO ADMINISTER THE TRUSTS PURSUANT TO THIS ARTICLE:

(a) IN FISCAL YEAR 2026-2027, $6,000,000.

(b) BEGINNING IN FISCAL YEAR 2027-2028, $12,000,000.

ANYThe MONIESnumber REMAININGof AFTERteachers THEwho APPROPRIATIONScompleted REQUIREDa BYprogram PARAGRAPHSof 1study ANDthrough 2the OFArizona THISteachers SUBSECTIONacademy for basic state aid, including inflation adjustments required by sectioneach 15-901.01,eligible Arizonapostsecondary Revisedinstitution. Statutes.

4.

The number of teachers currently teaching in a public school in this state as part of an agreement for receiving an Arizona teachers academy scholarship.

5.

The number of graduates receiving induction services.

6.

The number of students who have defaulted on their obligation and who are in repayment agreements.

7.

The number of students who have deferred repayment agreements.

8.

The number of students who have completed repayment agreements.

9.

The methodology for distributing any monies appropriated for the Arizona teachers academy to each eligible postsecondary institution and the amounts distributed to each.

10.

The amount of unused monies in the Arizona teachers academy fund from the prior fiscal year.

OnA orcollege beforein Februarythis 1state of each year, if the average monthly market values of the fund for the immediately preceding five calendar years have decreased compared to the average monthly market values of the fund for the five-calendar-year period that immediatelyis precedesowned, theoperated precedingor fivechartered calendarby years,a thequalifying directorIndian oftribe theon officeits ofown strategicIndian planningreservation and budgeting,that oroffers itsbaccalaureate successorteacher agency,education andprograms themay directorparticipate ofin the jointArizona legislativeteachers budgetacademy committee, or its successor agency, shall jointly notify the governor, the president of the senate and thereceive speakermonies offrom the houseArizona ofteachers representativesacademy thatfund aestablished reductionby to the distribution prescribed in subsection G, paragraph 2 of this sectionsection. is necessary to preserve the safety of the capital in the fund.

On receipt of that notification, the legislature may enact legislation, with APPROVAL BY TWO-THIRDS OF THE MEMBERS OF EACH HOUSE OF THE LEGISLATURE AND the approval of the governor, that reduces the distribution in subsection G, paragraph 2 of this section for the next fiscal year to at least two and one-half percent but less than six and nine-tenths percent of the average monthly market values of the fund for the immediately preceding five calendar years.

AnyFor amountthe reducedpurposes pursuant to subsection I of this sectionsection: is not required to be paid or distributed:

From"Eligible anypostsecondary otherinstitution" sourcemeans any of publicthe monies.following:

2.(a) A university under the jurisdiction of the Arizona board of regents.

In(b) anyA subsequentcommunity fiscalcollege year.in this state.

K.(c) A college described in subsection I of this section if the college opts to participate in the Arizona teachers academy under subsection I of this section.

If- the5 legislature- enactsS.C.R. legislation, with APPROVAL BY TWO-THIRDS OF THE MEMBERS OF EACH HOUSE OF THE LEGISLATURE AND the approval of the governor, that reduces the distribution pursuant to subsection I of this section:

1.1012 2.

The"School legislaturethat mayserves reduceprimarily thepublic baseschool levelstudents forwith thedisabilities" nextmeans fiscala yearschool byin anwhich amountmore commensuratethan withseventy-five percent of the reductionstudents enrolled in the distributionschool fromare public school students who are placed at the permanentschool stateaccording to an agreement with a school, a charter school fundor the Arizona state schools for the nextdeaf fiscaland year.the blind.

2.

The amounts from the base level reduction are not required to be paid or distributed in any subsequent fiscal year.

The"Tuition baseand levelfees" reductionmeans istuition, notmandatory partfees ofand theprogram calculationfees ofthat are associated with a program in the baseArizona levelteachers foracademy subsequentleading fiscalto years.teacher certification and that are charged by an eligible postsecondary institution.

L.

This section preserves the authority vested in the legislature pursuant to this constitution.

-3- House Amendments to S.C.R.

1012 M.

This section and article XI, section 11 of this Constitution and the terms and appropriations of house bill 2001, fifty second legislature, first special session, fully satisfy the requirements of section 15-901.01, Arizona Revised Statutes.

The Secretary of State shall submit this proposition to the voters at the next general election as provided by article XXI,IV, Constitutionpart of1, Arizona."section Amend1, titleConstitution toof conformArizona. NANCY GUTIERREZ SCR1012GUTIERREZ SE.docx 03/27/2026 04:05 PM H:

MM/ra- 130ZKRDJM6 SCR1012GUTIERREZ- SE.docx 03/27/2026 2:46 PM C:

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