House committee substitute makes the following changes to 1st edition. Deletes the first edition and replaces it with AN ACT TO ESTABLISH THE MINIMUM WAGE WORKER SCHOLARSHIP FUND.
Amends Article 23 of GS Chapter 116 to add new GS 116-209.46 establishing the Minimum Wage Worker Scholarship Fund (Fund). Provides definitions as they apply in the statute including identifying schools that meet the definition of an eligible institution. Provides that the Fund’s purpose is to provide scholarships to students who have worked long term in minimum wage jobs and are pursuing a college degree. Makes scholarships available for part-time or full-time coursework. Provides that the State Education Assistance Authority (Authority) is to administer the Fund and directs the Authority to adopt rules to administer the Fund.
Directs the Authority to develop eligibility criteria for awarding scholarships from the Fund and specifies eligibility criteria that are to be included. Prohibits receiving a scholarship in an amount that when combined with all other federal and state financial aid received by the student, the amount exceeds the student’s attendance cost per academic year as defined for federal Title IV programs. Provides criteria governing the amount of the scholarship awards. Directs the Authority to make an annual report to the Joint Legislative Education Oversight Committee by December 1 regarding the Fund and scholarships awarded from the Fund.
Bill Summaries: H702 ESTAB. MINIMUM WAGE WORKER SCHOLARSHIP FUND (NEW).
Bill H 702 (2011-2012)Summary date: May 31 2011 - View Summary
Bill H 702 (2011-2012)Summary date: Apr 6 2011 - View Summary
Enacts GS 115C-499.1A to provide eligibility requirements for scholarship for minimum wage workers, including the length of time employed in minimum wage work, qualification as legal resident for tuition purposes as established by the University of North Carolina Board of Governors, and admission to a community college basic skills program or postsecondary undergraduate program. Requires the student maintain certain minimum academic achievement levels to continue eligibility. Amends GS 115C-499.3 to set forth the potential scholarship amounts for minimum wage workers, providing for maximum awards between $11,000 and $12,500, depending on eligibility for and amount of Pell Grant funds and deletes previous $4,000 award cap. Provides for priority payment of certain percentages of net income of the scholarship fund, and requires that, where the amount available is insufficient to fund all scholarships, priority is to be given to scholarships for minimum wage workers. Requires that the first scholarships be awarded under the act for the 2012-13 academic year.