(a) A scholarship may be awarded annually for a period not to exceed an academic year. 
(b) 
(1) A scholarship shall correspond to academic terms, semesters, quarters, or equivalent time periods at the eligible institutions. 
(2) In no instance may the entire amount of a grant for an educational year be paid to or on behalf of such student in advance. 
(c) A scholarship shall be awarded for one (1) academic year and renewed annually for up to three (3) additional academic years if the student maintains not less than a 3.0 grade point average on a 4.0 scholastic grading scale, or an equivalent academic standing, and meets other criteria as established by the Division of Career and Technical Education.
Structure Arkansas Code
Subtitle 6 - Postsecondary Education — Financial Assistance Programs
Subchapter 4 - Arkansas High Technology Scholarship Program
§ 6-82-402. Creation and establishment
§ 6-82-403. Administration — Authority of division
§ 6-82-404. Eligibility and preferences
§ 6-82-405. Applicant's responsibilities
§ 6-82-406. Award of scholarship
§ 6-82-407. Number of scholarships
§ 6-82-408. Amount of scholarships