House Bill hb1387

    Florida House of Representatives - 2001                HB 1387

        By Representative Joyner






  1                      A bill to be entitled

  2         An act relating to postsecondary education;

  3         amending s. 240.418, F.S., relating to

  4         need-based financial aid; requiring the state

  5         to set aside money to fund need-based

  6         scholarships at certain state universities;

  7         providing formulae for determining the number

  8         of need-based scholarships to be funded at each

  9         school; prescribing qualifications of students

10         who may receive need-based scholarships;

11         providing an effective date.

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13  Be It Enacted by the Legislature of the State of Florida:

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15         Section 1.  Section 240.418, Florida Statutes, is

16  amended to read:

17         240.418  Need-based financial aid; no preference to

18  students receiving other aid.--

19         (1)  From the funds collected by state universities and

20  community colleges as a financial aid fee and from other funds

21  appropriated by the Legislature for financial aid from the

22  Educational Enhancement Trust Fund, institutions shall expend

23  those moneys designated as need-based financial aid with no

24  preference given to students who also qualify for merit-based

25  or other financial aid awards.

26         (2)  In addition, the state shall set aside money to

27  fund need-based scholarships for the 4-year state

28  universities. The formula for determining the number of

29  need-based scholarships at each school is: for a school that

30  has an enrollment of more than 10,000, multiply the total

31  enrollment of full-time students during the previous semester

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    Florida House of Representatives - 2001                HB 1387

    772-105-01






  1  by 2 percent; and, for a school that has an enrollment of

  2  10,000 or less, multiply the total enrollment of full-time

  3  students during the previous semester by 3 percent. The

  4  qualifications required of these students are the same as

  5  those for community-college students who receive need-based

  6  scholarships. A student must qualify and be accepted by a

  7  university in order to receive the funds.

  8         Section 2.  This act shall take effect July 1, 2001.

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11                          SENATE SUMMARY

12    Requires the state to set aside money to fund need-based
      scholarships at 4-year state universities. Provides
13    formulae for determining the number of need-based
      scholarships to be funded at each school. Prescribes
14    qualifications of students who may receive need-based
      scholarships.
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CODING: Words stricken are deletions; words underlined are additions.