Section 116-282 - Scholarship amounts; amounts dependent on availability of funds(a) Subject to the sum appropriated by the General Assembly for an academic year to be awarded as scholarships under this Article, a scholarship awarded under this Article to a student at an eligible private postsecondary institution shall be determined annually by the Authority based upon the enrollment status and demonstrated need of the student, consistent with the methodology for the federal Title IV programs.(b) The Authority shall have the power to determine the actual scholarship amounts disbursed to students in any given year based on the sum appropriated for purposes of this Article by the General Assembly for that academic year and any unexpended funds that may be available pursuant to G.S. 116-283.(c) The minimum award of a scholarship under this Article shall be five hundred dollars ($500.00).N.C. Gen. Stat. § 116-282
Amended by 2024 N.C. Sess. Laws 1,s. 2.16-b, eff. 5/15/2024, applicable beginning with the award of scholarships for the 2024-2025 academic year.Added by 2011 N.C. Sess. Laws 145, s. 9.18-a, eff. 7/1/2011, and applicable to the 2012-2013 academic year and each subsequent academic year.