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

Florida House Bill 685 (Prior Session Legislation)

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