Senate Bill sb2140
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Florida Senate - 2007 SB 2140
By Senator Deutch
30-1051-07 See HB
1 A bill to be entitled
2 An act relating to the First Generation
3 Matching Grant Program; amending s. 1009.701,
4 F.S.; including participation in the program by
5 certain independent colleges and universities;
6 providing student eligibility requirements;
7 providing an appropriation; providing an
8 effective date.
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10 Be It Enacted by the Legislature of the State of Florida:
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12 Section 1. Subsections (1), (2), and (4) and
13 paragraphs (a) and (c) of subsection (5) of section 1009.701,
14 Florida Statutes, are amended to read:
15 1009.701 First Generation Matching Grant Program.--
16 (1) The First Generation Matching Grant Program is
17 created to enable each state university and each independent
18 nonprofit college or university eligible to participate in the
19 William L. Boyd, IV, Florida Resident Access Grant Program
20 under s. 1009.89 to provide donors with a matching grant
21 incentive for contributions that will create grant-based
22 student financial aid for undergraduate students who
23 demonstrate financial need and whose parents, as defined in s.
24 1009.21(1), have not earned a baccalaureate degree. In the
25 case of any individual who regularly resided with and received
26 support from only one parent, an individual whose only such
27 parent did not complete a baccalaureate degree would also be
28 eligible.
29 (2) Funds appropriated by the Legislature for the
30 program shall be allocated by the Office of Student Financial
31 Assistance to match private contributions on a
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Florida Senate - 2007 SB 2140
30-1051-07 See HB
1 dollar-for-dollar basis. Contributions made to a state
2 university or independent college or university qualified
3 under this section and pledged for the purposes of this
4 section are eligible for state matching funds appropriated for
5 this program and are not eligible for any other state matching
6 grant program. Pledged contributions are not eligible for
7 matching prior to the actual collection of the total funds.
8 The Office of Student Financial Assistance shall reserve a
9 proportionate allocation of the total appropriated funds for
10 each state university or qualified independent college or
11 university on the basis of full-time equivalent enrollment.
12 Funds that remain unmatched as of December 1 shall be
13 reallocated to state universities or qualified independent
14 colleges or universities that have remaining unmatched private
15 contributions for the program on the basis of full-time
16 equivalent enrollment.
17 (4) Each participating state university or qualified
18 independent college or university shall establish an
19 application process, determine student eligibility for initial
20 and renewal awards in conformance with subsection (5),
21 identify the amount awarded to each recipient, and notify
22 recipients of the amount of their awards.
23 (5) In order to be eligible to receive a grant
24 pursuant to this section, an applicant must:
25 (a) Be a resident for tuition purposes pursuant to s.
26 1009.21 or meet the eligibility requirements of s. 1009.89(4).
27 (c) Be accepted at a state university or independent
28 college or university qualified under this section.
29 Section 2. There is appropriated from the General
30 Revenue Fund to the Department of Education for the First
31 Generation Matching Grant Program for fiscal year 2007-2008
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Florida Senate - 2007 SB 2140
30-1051-07 See HB
1 and each fiscal year thereafter the sum of $3 million to
2 provide state matching funds to independent colleges and
3 universities qualified to participate in the program under s.
4 1009.701, Florida Statutes, as amended by this act.
5 Section 3. This act shall take effect July 1, 2007.
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