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Ch 496
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2006 LAWS OF MARYLAND
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(2004 Replacement Volume and 2005 Supplement)
SECTION 1 BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows
Article - Education
18-304
(a) (1) Except as provided in § 18-307 of this subtitle, the Office shall
determine the amount of each Educational Excellence Award based on the financial
need of the applicant
(2) In determining the amount of financial need, the Office shall
consider regional cost-of-living differences
(3) IN DETERMINING THE PERCENT OF FINANCIAL NEED USED TO
CALCULATE AN AWARD FOR A COMMUNITY COLLEGE STUDENT RECEIVING AN
EDUCATIONAL EXCELLENCE AWARD, THE COMMISSION SHALL USE THE FOLLOWING
PERCENTAGES
(I) FOR FISCAL YEAR 2007, NOT LESS THAN 50%; 55%, AND
(II) FOR FISCAL YEAR 2008, NOT LESS THAN 55%; AND
(III) (II) FOR FISCAL YEAR 2009 2008 AND EACH FISCAL YEAR
THEREAFTER, NOT LESS THAN 60%
(b) (1) Except as provided in paragraph (2) of this subsection, an
Educational Excellence Award may be awarded in $100 increments and the award for
a single year may not be less than $400 or more than $3,000
(2) (1) All applicants who fulfill the requirements established in §
18-303(a) and (b) of this subtitle shall receive a Guaranteed Access Grant
(ii) The amount of a Guaranteed Access Grant shall be equal to 100
percent of the student's financial need as determined by the Office, not to exceed the
equivalent annual expenses of a full-time resident undergraduate at the 4-year
public institution of higher education within the University System of Maryland,
other than the University of Maryland University College and University of
Maryland, Baltimore, with the highest annual expenses for a full-time resident
undergraduate
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2006
Approved May 16, 2006
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