Title: Expands the State's Opportunity Scholarship
Signed by Governor Michelle Lujan Grisham
Title: Expands the State's Opportunity Scholarship
Vote to pass a bill that expands the state's opportunity scholarship program.
Establishes “Opportunity Scholarship Act” (Sec. 1).
Specifies which students eligible for scholarship (ex. cumulative GPA of 2.5) (Sec. 3A).
Authorizes Higher Education Department to administer Act (Sec. 4A).
Limits scholarship duration to one semester, can be renewed (Sec. 5A).
Establishes Opportunity Scholarship Fund within State Treasury (Sec. 7).
Transfers balances of Legislative Endowment Scholarship Fund, College Affordability Endowment Fund to Opportunity Scholarship Fund (Sec. 9A).
Specifies Act effective date of July 1, 2022 (Sec. 11).
Title: Expands the State's Opportunity Scholarship
Vote to pass a bill that expands the state's opportunity scholarship program.
Establishes “Opportunity Scholarship Act” (Sec. 1).
Specifies which students eligible for scholarship (ex. cumulative GPA of 2.5) (Sec. 3A).
Authorizes Higher Education Department to administer Act (Sec. 4A).
Limits scholarship duration to one semester, can be renewed (Sec. 5A).
Establishes Opportunity Scholarship Fund within State Treasury (Sec. 7).
Transfers balances of Legislative Endowment Scholarship Fund, College Affordability Endowment Fund to Opportunity Scholarship Fund (Sec. 9A).
Specifies Act effective date of July 1, 2022 (Sec. 11).
Title: Expands the State's Opportunity Scholarship