72-6812. Amount of state scholarship equal to financial need; limitation.

72-6812

Chapter 72.--SCHOOLS Article 68.--STATE SCHOLARSHIP PROGRAM FOR STUDENTS AT INSTITUTIONS OF POSTSECONDARY EDUCATION

      72-6812.   Amount of state scholarship equal to financial need;limitation.(a) The amount of a state scholarship awarded to a state scholar for the fall andspring semesters, or the equivalent thereof, shall be the amount of thestate scholar's financial need for the period, except that statescholarships awarded to a state scholar in any year shall not exceed:

      (1)   Five hundred dollars in any year if the state scholar initially isor was awarded a state scholarship for any program period, term or semestercommencing prior to July 1, 1985; and

      (2)   one thousand dollars in any year if the state scholar initially isawarded a state scholarship for any program period, term or semester commencingafter July 1, 1985.

      (b)   When state scholarships are awarded to a state scholar forany program period or for one or more terms that are not semesters, the board ofregents shall determine the equivalent of the fall and springsemesters.

      History:   L. 1974, ch. 304, § 3; L. 1975, ch. 374, § 10; L. 1985, ch.243, § 5; L. 1985, ch. 244, § 1; L. 1986, ch. 274, § 3; July 1.