Louisiana Revised Statutes 17:4102 – Administration; scholarship amount; funding
Terms Used In Louisiana Revised Statutes 17:4102
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
A. The administering agency for the scholarship program shall be the Board of Regents. The Louisiana National Guard shall assist the Board of Regents in the administration of the program.
B.(1) Upon notice from the public postsecondary education institution and the Louisiana National Guard that the student qualifies for the scholarship for the ensuing academic period, the administering agency shall make payment of the scholarship funds, on behalf of the student, directly to the institution at which such mandatory fees are due. The amount of the scholarship for each eligible student shall be equal to the amount of mandatory fees charged to the student by the institution.
(2) The payment of scholarships as provided in this Subsection shall be subject to the appropriation of funds for this purpose.
Acts 2023, No. 279, §2.