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FL H0683
Bill
Status
Failed
5/5/2023
Primary Sponsor
Kimberly Daniels
Click for details
AI Summary
- Creates the Historically Black Colleges and Universities Matching Endowment Scholarship Program within the Florida Department of Education, codified as section 1009.898, Florida Statutes
- Requires each participating HBCU in the state to contribute $500,000 to the Department of Education no later than June 30, 2024, with funds deposited into the State Student Financial Assistance Trust Fund
- Principal funds must remain in the trust fund and be invested per chapter 215; only the accumulated interest may be used to fund scholarships for enrolled students with unmet financial need
- Interest accumulated annually is equally allocated by the department to each participating HBCU for scholarship awards
- State Board of Education is required to adopt rules to administer the program; effective date is July 1, 2023
Legislative Description
Historically Black Colleges and Universities Matching Endowment Scholarship Program
Last Action
Died in Postsecondary Education & Workforce Subcommittee
5/5/2023
Committee Referrals
Postsecondary Education & Workforce Subcommittee2/21/2023
Full Bill Text
No bill text available