The state public universities under the jurisdiction of the Arizona board of regents shall establish policies which assure fair and equitable access by Arizona students from public, private, charter and home schools to scholarships, including tuition waivers, which are issued solely on the basis of academic merit and for which the universities establish and administer fair and equitable selection criteria. The universities under the jurisdiction of the Arizona board of regents shall report annually to the board information including the number of such scholarships issued on the basis of academic merit to students from public, private, charter and home schools.
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