(I) (1) COMMENCE EMPLOYMENT IN THE STATE WITHIN 1 YEAR
AFTER COMPLETION OF UNDERGRADUATE STUDIES FOR 1 YEAR FOR EACH YEAR
THAT THE SCHOLARSHIP WAS AWARDED; AND

(II) (2) REPAY THE STATE THE AMOUNTS AWARDED UNDER THIS
SUBTITLE AND SIMPLE INTEREST EQUAL TO THE PRIME RATE OF INTEREST PLUS 2
PERCENT CALCULATED FROM THE DATE OF THE FIRST PAYMENT OF THE GRANT
AWARD UNDER THIS SUBTITLE FOR ANY PORTION OF THE AWARD IF THE RECIPIENT
DOES NOT:

1. (I) SATISFY THE DEGREE REQUIREMENTS OF THE
ELIGIBLE INSTITUTION OR FULFILL OTHER REQUIREMENTS AS PROVIDED IN THIS
SUBTITLE; AND

2. (II) PERFORM THE SERVICE OBLIGATION FOR 1 YEAR
FOR EACH YEAR THAT THE RECIPIENT HAS A SCHOLARSHIP AWARDED UNDER THIS
SUBTITLE; AND.

(2) (D) (E) THE SERVICE OBLIGATION BEGINS AFTER GRADUATION
AND CANNOT BE FULFILLED PRIOR TO GRADUATION FROM AN ELIGIBLE
INSTITUTION.

18-2207.

ON OR BEFORE MAY 1 OF EACH YEAR, THE ADMINISTRATION SHALL SEND EACH
SENATOR AND EACH DELEGATE A LIST OF INDIVIDUALS IN EACH LEGISLATIVE
DISTRICT TO WHOM MARYLAND HOPE SCHOLARSHIPS ARE AWARDED.

18-2208.

A MARYLAND HOPE SCHOLARSHIP MAY BE USED FOR TUITION AND
MANDATORY FEES AT ANY ELIGIBLE INSTITUTION.

18-2209.

FUNDS FOR THE MARYLAND HOPE SCHOLARSHIP PROGRAM SHALL BE AS
PROVIDED IN THE ANNUAL BUDGET OF THE MARYLAND HIGHER EDUCATION
COMMISSION BY THE GOVERNOR

SECTION 3. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Education

18-2210.

(A) THE MARYLAND HIGHER EDUCATION COMMISSION SHALL DRAFT A PLAN
TO ADMINISTER A MARYLAND HOPE SCHOLARSHIP PROGRAM.

(B) THE COMMISSIONS PLAN SHALL INCLUDE:

(1) A 3-YEAR SCHEDULE, BEGINNING JULY 1, 2000, FOR THE
PROGRESSIVE IMPLEMENTATION OF THE MARYLAND HOPE SCHOLARSHIP AWARD
TO ALL ELIGIBLE STUDENTS; AND