Section 20-41-12 - Schedule of awards(a) The directors of financial aids shall utilize the student eligibility index as stated on an applicant's basic educational opportunity grant student eligibility report to determine the amount an applicant is to receive at the eligible institution in which the applicant will enroll. When the student eligibility index is one-half or less the maximum set for the basic educational opportunity grant program, the student shall receive a grant of $750 per academic year, or that amount allowed under section 20-41-9, whichever is the less. When the student eligibility index exceeds one-half of the maximum set for the basic educational opportunity grant program, the student shall receive a grant of $375 per academic year, or that amount allowed under section 20-41-9, whichever is the less. When the student eligibility index is more than the maximum set for the basic educational opportunity grant program, the student is ineligible for the Hawaii student incentive grant.(b) The directors of financial aids shall offer grants first to those applicants with a student eligibility index which is one-half or less of the maximum set for the basic educational opportunity grant program, and second to those applicants with a student eligibility index which exceeds one-half, but is less than that maximum, who also apply to the eligible institution for financial aid on or before the financial aids application deadline, and third to those applicants who are otherwise eligible, but file their applications for financial aid after the financial aids application deadline.(c) An application for financial aid which is received by an eligible institution after the financial aids application deadline, shall be considered only if funds are available and in the order in which such applications are received.[Eff. JUN 22 1981] (Auth: HRS § 305H-2) (Imp: HRS § 305H-2)