Plain English Breakdown
The official source material does not provide specific details on the impact of non-compliance or how it affects existing scholarship programs and beneficiaries.
Changing Scholarship Notification Time for Higher Education
This bill changes the deadline from 30 days to 45 days before an academic term starts for selecting scholarship recipients and notifying the college savings trust fund board.
What This Bill Does
- Changes the time limit from 30 days to 45 days before an academic term begins for state government entities that establish scholarships using educational investment plans to select scholarship beneficiaries.
- Requires these entities to notify the board of trustees of the college savings trust fund program within this new timeframe.
Who It Names or Affects
- State government entities that create scholarships using educational investment plans
- The board of trustees of the college savings trust fund program
Terms To Know
- scholarship beneficiary
- A student who receives a scholarship to help pay for education.
- college savings trust fund program
- A state-run program that helps families save money for college expenses.
Limits and Unknowns
- The bill does not specify the consequences if notification is not made within the new timeframe.
- It's unclear how this change will affect existing scholarship programs or students who are already selected as beneficiaries.