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Amend the Coleman amendment to CSSB 1 (Prefiled Amendment
Packet, page 159), by striking the text of the amendment and
substituting the following:
Amend CSSB 1 in Article III of the bill, following the
appropriations to the Higher Education Coordinating Board, by
adding a new subsection to Rider 29 (page III-50) as follows:
h. Notwithstanding any other provisions of this Act, out of
money appropriated above in Strategy B.1.9, Student Financial Aid
Programs, an amount equal to any amount of general
revenue-dedicated greater than the $20,000,112 that is
appropriated to the B-On-Time Program, shall be subtracted from the
$18,500,000 of general revenue that is appropriated to the
B-On-Time Program and shall be allocated to the Higher Education
Coordination Board for academic-based financial assistance to
postsecondary, undergraduate students from middle-income families.
It is the intent of the legislature that the Higher Education
Coordinating Board develop uniform standards by which to award that
academic-based financial assistance to students from middle-income
families. The Higher Education Coordinating Board may allocate
additional money from the strategy to the program.