A. The spouses of military veterans tuition scholarship fund is established consisting of legislative appropriations. The Arizona board of regents shall administer the fund. Monies in the fund are continuously appropriated and are exempt from the provisions of section 35-190 relating to lapsing of appropriations. On notice from the Arizona board of regents, the state treasurer shall invest and divest monies in the fund as provided by section 35-313, and monies earned from investment shall be credited to the fund. Subject to available monies, the Arizona board of regents shall use the monies in the fund to award tuition scholarships to any person who meets all of the following requirements:

1. 1. Enrolls in a university under the jurisdiction of the Arizona board of regents or in a community college as defined in section 15-1401.

2. 2. Is the spouse of an honorably discharged veteran of the armed forces of the United States. For the purposes of proving that the person's spouse is an honorably discharged veteran of the armed forces of the United States as required by this paragraph:

   1. (a) The person shall submit proof of the honorable discharge or general discharge under honorable conditions of the person's spouse.
   2. (b) The department of veterans' services shall verify that the person is the spouse of an honorably discharged veteran.
3. 3. Is entitled to classification as an in-state student under section 15-1802.
4. 4. Is a resident of this state at the time of applying for a tuition scholarship and continues to be a resident of this state while receiving a tuition scholarship under this section.
5. 5. Completes and submits the free application for federal student aid for each year that the person receives a tuition scholarship under this section.
6. 6. Complies with the standards of satisfactory academic progress as established by the university or community college in which the person enrolls.
7. 7. Completes a family educational rights and privacy act of 1974 (P.L. 93-380; 88 Stat. 571) release form for each university or community college in which the person is enrolled to authorize the release of personally identifiable information required to determine continued tuition scholarship eligibility under this section.

C. A tuition scholarship provided pursuant to this section shall be:

1. 1. Limited to not more than four academic years or eight semesters.
2. 2. Used only for a certificate, an associate degree or a baccalaureate degree.
3. 3. Used only to pay tuition and mandatory fees at a university under the jurisdiction of the Arizona board of regents or at a community college as defined in section 15-1401.

E. On or before June 30 of each year, if there are any unexpended and unencumbered monies remaining in the fund after scholarships are awarded pursuant to this section and surplus monies are distributed pursuant to section 15-1808, the Arizona board of regents shall deposit the remaining monies as follows:

1. 1. $500,000 or the amount of remaining monies, whichever is less, in the spouses and dependents of law enforcement officers tuition scholarship fund established by section 15-1809.02.

2. 2. Any monies remaining after the deposit pursuant to paragraph 1 of this subsection as follows:

   1. (a) Thirty percent in the Arizona teachers academy fund established by section 15-1655.
   2. (b) Sixty percent in the Arizona promise program fund established by section 15-1701.
   3. (c) Ten percent in the Arizona community colleges promise program fund established by section 15-1705.