10RS SB121

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

AN ACT relating to student financial aid and making an appropriation thereof.
Create a new section of KRS Chapter 164 to establish the Shared Funding Scholarship Grant Program for undergraduate junior students on track to graduate within two years and undergraduate senior students on track to graduate within one year; require the Kentucky Higher Education Assistance Authority in collaboration with the Council on Postsecondary Education to promulgate an administrative regulation outlining the program to be implemented by academic year 2011-2012; amend KRS 154A.130 to change the distribution percentages of the state lottery funds, beginning in 2011-2012 for the KEES Program, the College Access Program and the Kentucky Tuition Grants Program, and the Shared Funding Scholarship Grant Program; require that by fiscal year 2013-2014 all unclaimed lottery prizes be credited to the Shared Funding Scholarship Grant Program; amend KRS 164.7879 to require a high school student, beginning in academic year 2011-2012 to attain a grade point average of at least 3.0 on a 4-point scale to qualify for a KEES base award and a 22 on the ACT to qualify for an ACT supplement.

Feb 1-introduced in Senate
Feb 3-to Education (S)

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