Bill Text: FL S1046 | 2010 | Regular Session | Introduced

Bill Title: First Generation Matching Grant Program [SPSC]

Spectrum: Partisan Bill (Republican 2-0)

Status: (Failed) 2010-04-30 - Died in Committee on Higher Education [S1046 Detail]

Download: Florida-2010-S1046-Introduced.html
Florida Senate - 2010                                    SB 1046 
By Senator Thrasher 
8-01028-10                                            20101046__ 
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 
4         certain independent colleges and universities to 
5         participate in the program; requiring the institutions 
6         to raise specified funds before the Office of Student 
7         Financial Assistance may reserve a proportionate 
8         allocation for the institutions; providing for 
9         implementation; providing an effective date. 
11  Be It Enacted by the Legislature of the State of Florida: 
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.