WILLIAM DONALD SCHAEFER, Governor                    Ch. 513

(2) If it is accepted by the eligible student, each
award shall be renewable, on an annual basis, for a maximum of 3
years subsequent to the original award if the recipient:

(i) Remains a resident of the State;

(ii) Attends an accredited postsecondary
institution in the State;

(iii) Is enrolled as a full-time undergraduate
student; and

(iv) Maintains a 3.0 grade average.

(d) (1) A SUBJECT TO THE PROVISIONS OF PARAGRAPH (2) OF
THIS SUBSECTION, A recipient of an award made under this section
shall receive an additional $2,400 $3,000 for each year in which
the recipient is eligible if the recipient:

(i) Enrolls in an approved program of teacher
education at an accredited postsecondary institution in the
State; and

(ii) Signs an agreement to:

1. Commence employment as a teacher in a
public school in the State within 9 months of the completion of
undergraduate studies for 1 year for each year that the
scholarship was awarded; and

2. Repay the State the additional amounts
awarded under this subsection and simple interest equal to the
prime rate of interest plus 2 percent if the recipient does not:

A.  Complete the teacher education
program; and

B.  Teach in a public school in the State
for a period of 1 year for each year in which the additional
amount was awarded.

(2) THE ADDITIONAL SCHOLARSHIP AWARDED UNDER THIS
SUBSECTION MAY NOT EXCEED THE COST OF ATTENDANCE AS DEFINED IN §
18-1302(G) OF THIS TITLE.

(2) (3) In consultation with the State Department of
Education, the Administration shall adopt rules and regulations
to waive, for good cause, the repayment of any portion of the
additional scholarship awarded under this subsection that is not
forgiven if the recipient fails to fulfill the obligations agreed
to under paragraph (l)(ii) of this subsection.

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