Bill Text: FL H0685 | 2010 | Regular Session | Introduced


Bill Title: First Generation Matching Grant Program

Spectrum: Bipartisan Bill

Status: (Failed) 2010-04-30 - Died in Committee on State Universities & Private Colleges Policy (EPC) [H0685 Detail]

Download: Florida-2010-H0685-Introduced.html
HB 685
1
A bill to be entitled
2An act relating to the First Generation Matching Grant
3Program; amending s. 1009.701, F.S.; authorizing certain
4independent colleges and universities to participate in
5the program; requiring the institutions to raise specified
6funds before the Office of Student Financial Assistance
7may reserve a proportionate allocation for the
8institutions; providing for implementation; providing an
9effective date.
10
11Be It Enacted by the Legislature of the State of Florida:
12
13 Section 1. Subsections (1), (2), and (4), paragraph (c) of
14subsection (5), and subsection (9) of section 1009.701, Florida
15Statutes, are amended to read:
16 1009.701 First Generation Matching Grant Program.-
17 (1) The First Generation Matching Grant Program is created
18to enable each state university and each independent college or
19university accredited by the Commission on Colleges of the
20Southern Association of Colleges and Schools to provide donors
21with a matching grant incentive for contributions that will
22create grant-based student financial aid for undergraduate
23students who demonstrate financial need and whose parents, as
24defined in s. 1009.21(1), have not earned a baccalaureate
25degree. In the case of any individual who regularly resided with
26and received support from only one parent, an individual whose
27only such parent did not complete a baccalaureate degree would
28also be eligible.
29 (2) Funds appropriated by the Legislature for the program
30shall be allocated by the Office of Student Financial Assistance
31to match private contributions on a dollar-for-dollar basis.
32Contributions made to a state university or an independent
33college or university qualified under this section and pledged
34for the purposes of this section are eligible for state matching
35funds appropriated for this program and are not eligible for any
36other state matching grant program. Pledged contributions are
37not eligible for matching prior to the actual collection of the
38total funds. The Office of Student Financial Assistance shall
39reserve a proportionate allocation of the total appropriated
40funds for each state university or independent college or
41university qualified under this section on the basis of full-
42time equivalent enrollment; however, the office may not reserve
43a proportionate allocation for an independent college or
44university qualified under this section unless the institution
45has raised $200,000 in matching funds. Funds that remain
46unmatched as of December 1 shall be reallocated to state
47universities or independent colleges or universities qualified
48under this section that have remaining unmatched private
49contributions for the program on the basis of full-time
50equivalent enrollment.
51 (4) Each participating state university or independent
52college or university qualified under this section shall
53establish an application process, determine student eligibility
54for initial and renewal awards in conformance with subsection
55(5), identify the amount awarded to each recipient, and notify
56recipients of the amount of their awards.
57 (5) In order to be eligible to receive a grant pursuant to
58this section, an applicant must:
59 (c) Be accepted at a state university or an independent
60college or university qualified under this section.
61 (9) This section shall be implemented only as specifically
62funded. Funds shall be allocated by the Office of Student
63Financial Assistance for independent colleges or universities
64qualified under this section beginning with the 2011-2012 fiscal
65year.
66 Section 2. This act shall take effect July 1, 2010.
CODING: Words stricken are deletions; words underlined are additions.
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