Florida Senate - 2018                        COMMITTEE AMENDMENT
       Bill No. SB 1526
       
       
       
       
       
       
                                Ì275966ZÎ275966                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/15/2018           .                                
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       Appropriations Subcommittee on Higher Education (Gibson)
       recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 33 - 51
    4  and insert:
    5         (2)(a) The Legislature may appropriate funds to be
    6  transferred to the Historically Black Colleges and Universities
    7  Matching Endowment Scholarship Trust Fund for the program.
    8         (b) Contingent upon a legislative appropriation, each
    9  Historically Black College and University in the state which
   10  wishes to participate in the program must provide matching funds
   11  equal to one-fourth of the legislative appropriation to the
   12  Historically Black Colleges and Universities Matching Endowment
   13  Scholarship Trust Fund.
   14         (c) All funds transferred to the trust fund for the program
   15  shall be invested in accordance with chapter 215.
   16  Notwithstanding s. 216.301 and pursuant to s. 216.351, the
   17  appropriated funds and all matching funds shall remain in the
   18  trust fund and the interest from such funds shall be used for
   19  scholarships for students enrolled at participating colleges and
   20  universities.
   21         (3) Annually, by July 1, the department shall allocate
   22  equally the interest accumulated in the trust fund to each
   23  participating college and university to award scholarships to
   24  students enrolled at the school who:
   25         (a) Meet the general requirements, including residency
   26  requirements, for student eligibility under s. 1009.40, except
   27  as otherwise provided in this section;
   28         (b) Are enrolled as a full-time undergraduate student;
   29         (c) Demonstrate unmet financial need; and
   30         (d) Meet any additional eligibility requirements
   31  established by the institutions.
   32  
   33  ================= T I T L E  A M E N D M E N T ================
   34  And the title is amended as follows:
   35         Delete lines 8 - 10
   36  and insert:
   37         authorizing the Legislature to appropriate funds for
   38         the program; requiring a historically black college or
   39         university to provide a certain amount of matching
   40         funds