Arizona SB1854 amends higher education governance, funding, and recruitment policies for fiscal year 2026-2027.

Arizona SB1854 revises higher education governance and funding for fiscal year 2026-2027. The Arizona Board of Regents must adopt a performance funding model based on degree completions, credit hours, and research funding. The board can retain up to $5 million annually from universities to supplement its budget. The bill also establishes a veterinary loan assistance program for eligible veterinarians, allowing them to receive loan assistance from the Arizona Veterinary Loan Assistance Fund.

Arizona SB1854 amends higher education governance, funding, and recruitment policies for fiscal year 2026-2027.

Arizona SB1854 revises higher education governance and funding for fiscal year 2026-2027. The Arizona Board of Regents must adopt a performance funding model based on degree completions, credit hours, and research funding. The board can retain up to $5 million annually from universities to supplement its budget. The bill also establishes a veterinary loan assistance program for eligible veterinarians, allowing them to receive loan assistance from the Arizona Veterinary Loan Assistance Fund.