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ID H0257
Bill
Status
Passed
4/6/2017
Primary Sponsor
Ways and Means Committee
Click for details
AI Summary
- Matching funds for the Postsecondary Credit Scholarship must come from businesses, industries, or entities representing business or industry rather than postsecondary institution foundations or appropriated funds
- Exception allows matching funds from institution-affiliated foundations if donated specifically as a match for the postsecondary credit scholarship program
- Students earning 10 postsecondary credits receive $2,000 scholarship, 20 credits receive $4,000, and an associate degree receive $8,000 for tuition and fees
- State funding limited to $1,000,000 in fiscal year 2017 and $2,000,000 in fiscal year 2018 and thereafter
- State board of education must report annually by January 15 on number of scholarships awarded and total moneys distributed
Legislative Description
Amends existing law to revise requirements for the source matching funds for the Postsecondary Credit Scholarship Program.
POSTSECONDARY CREDIT SCHOLARSHIP
Last Action
Reported Signed by Governor on April 6, 2017 Session Law Chapter 268 Effective: 07/01/2017
4/6/2017
Committee Referrals
Education3/15/2017
Education3/7/2017
Full Bill Text
No bill text available