N.H. Admin. Code § Csp 405.05
Scholarships shall be awarded in a lump sum to the eligible student for the entire length of the eligible program consistent with Csp 407, to be held by the commission to be disbursed by the awarding participating postsecondary institution on an annual, semester, trimester, or quarterly basis on a date set by the awarding institution. An eligible student shall receive a governor's scholarship award after the student has earned 100% of Title IV aid in order to earn 100% of governor's scholarship program funds for each term. Eligible students shall be awarded only a single scholarship by the governor's scholarship program, except that a student who transfers from a New Hampshire community college to an eligible institution without a break in attendance shall have his or her 2-year scholarship extended to 4 years to allow for completion of the 4-year institution as provided in Csp 405.04.
N.H. Admin. Code § Csp 405.05