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.
   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.