(i) Remains a resident of the State;

(ii) Attends a Maryland higher education institution in the State;

(iii) Is enrolled as a full-time undergraduate student and takes at
least 12 semester hours of courses each semester or its equivalent as determined by
the Administration;

(iv) Maintains a 3.0 grade point average on an academic year basis
or, failing to do so, provides evidence satisfactory to the Administration, of extreme
extenuating circumstances;

(v) Is making satisfactory progress toward a degree as determined
by the institution; and

(vi) Maintains the standards of the institution.

(3) Subject to the provisions of paragraph (2) of this subsection, each
recipient of a Maryland Science and Technology Scholarship who is enrolled in a
baccalaureate degree program may renew the annual award four times if the
recipient is enrolled in an undergraduate academic program that, as determined by
the institution, requires 5 years to complete.

(4) Subject to the provisions of paragraph (2) of this subsection, each
award may be renewed on an annual basis for a maximum of 2 years for students
enrolled in an associate degree program.

(c) A recipient of an award made under this section shall receive the award for
each year indicated in which the recipient is eligible if:

(1) The recipient signs an agreement at the time of the initial award to:

(i) 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) 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. Satisfy the degree requirements of the eligible academic
program or fulfill other requirements as provided in this subtitle; and

2. Perform the service obligation for 1 year for each year that
the recipient has a scholarship awarded under this subtitle; and

(2) The service obligation begins after graduation and cannot be fulfilled
prior to graduation from an eligible institution.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October June 1, 1999.