Florida Senate - 2008 SB 2746
By Senator Deutch
30-03298-08 20082746__
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A bill to be entitled
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An act relating to the First Generation Matching Grant
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Program; amending s. 1009.701, F.S.; including
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participation in the program by certain independent
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colleges and universities; providing student eligibility
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requirements; providing an effective date.
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Be It Enacted by the Legislature of the State of Florida:
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Section 1. Subsections (1), (2), and (4) and paragraphs (a)
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and (c) of subsection (5) of section 1009.701, Florida Statutes,
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are amended to read:
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1009.701 First Generation Matching Grant Program.--
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(1) The First Generation Matching Grant Program is created
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to enable each state university and each independent nonprofit
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college or university eligible to participate in the William L.
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Boyd, IV, Florida Resident Access Grant Program under s. 1009.89
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to provide donors with a matching grant incentive for
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contributions that will create grant-based student financial aid
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for undergraduate students who demonstrate financial need and
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whose parents, as defined in s. 1009.21(1), have not earned a
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baccalaureate degree. In the case of any individual who regularly
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resided with and received support from only one parent, an
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individual whose only such parent did not complete a
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baccalaureate degree would also be eligible.
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(2) Funds appropriated by the Legislature for the program
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shall be allocated by the Office of Student Financial Assistance
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to match private contributions on a dollar-for-dollar basis.
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Contributions made to a state university or independent college
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or university qualified under this section and pledged for the
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purposes of this section are eligible for state matching funds
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appropriated for this program and are not eligible for any other
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state matching grant program. Pledged contributions are not
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eligible for matching prior to the actual collection of the total
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funds. The Office of Student Financial Assistance shall reserve a
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proportionate allocation of the total appropriated funds for each
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state university or qualified independent college or university
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on the basis of full-time equivalent enrollment. Funds that
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remain unmatched as of December 1 shall be reallocated to state
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universities or qualified independent colleges or universities
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that have remaining unmatched private contributions for the
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program on the basis of full-time equivalent enrollment.
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(4) Each participating state university or qualified
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independent college or university shall establish an application
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process, determine student eligibility for initial and renewal
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awards in conformance with subsection (5), identify the amount
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awarded to each recipient, and notify recipients of the amount of
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their awards.
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(5) In order to be eligible to receive a grant pursuant to
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this section, an applicant must:
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(a) Be a resident for tuition purposes pursuant to s.
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(c) Be accepted at a state university or independent
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college or university qualified under this section.
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Section 2. This act shall take effect July 1, 2008.
CODING: Words stricken are deletions; words underlined are additions.