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Session Laws, 2000
Volume 797, Page 3208   View pdf image
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Ch. 606
2000 LAWS OF MARYLAND
(2) A RECIPIENT OF A COMMUNITY COLLEGE TRANSFER SCHOLARSHIP
AWARDED UNDER THIS SUBTITLE SHALL RECEIVE THE AWARD FOR EACH YEAR
THAT THE RECIPIENT IS ELIGIBLE IF THE RECIPIENT SIGNS AN AGREEMENT AT THE
TIME OF THE INITIAL AWARD TO: (I) REMAIN A RESIDENT OF THE STATE AND: 1. EXCEPT AS PROVIDED IN PARAGRAPH (3)(II) OF THIS
SUBSECTION, CONTINUE FULL-TIME EMPLOYMENT IN THE STATE AFTER
COMPLETION OF UNDERGRADUATE STUDIES FOR 1 YEAR FOR EACH YEAR THAT THE
SCHOLARSHIP WAS AWARDED; OR 2. EXCEPT AS PROVIDED IN PARAGRAPH (3)(II) OF THIS
SUBSECTION COMMENCE FULL-TIME EMPLOYMENT IN THE STATE WITHIN 1 YEAR
AFTER COMPLETION OF UNDERGRADUATE STUDIES AND THEREAFTER CONTINUE
EMPLOYMENT IN THE STATE 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 ANY AWARD
RECEIVED BY THE RECIPIENT UNDER THIS SUBTITLE AS SET FORTH IN § 18-112 OF
THIS TITLE FOR ANY PORTION OF THE AWARD IF THE RECIPIENT DOES NOT: 1. SATISFY THE DEGREE REQUIREMENTS OF THE ELIGIBLE
INSTITUTION OR FULFILL OTHER REQUIREMENTS AS PROVIDED IN THIS SUBTITLE;
AND 2. MAINTAIN STATE RESIDENCY AND SATISFY THE
EMPLOYMENT OBLIGATION REQUIRED UNDER THIS PARAGRAPH. (3) (I) THE RESIDENCY AND EMPLOYMENT OBLIGATION REQUIRED BY
PARAGRAPH (2) OF THIS SUBSECTION BEGINS AFTER GRADUATION AND CANNOT BE
FULFILLED PRIOR TO GRADUATION FROM AN ELIGIBLE INSTITUTION. (II) A RECIPIENT OF A COMMUNITY COLLEGE TRANSFER
SCHOLARSHIP AWARDED UNDER THIS SUBTITLE MAY FULFILL THE EMPLOYMENT
OBLIGATION REQUIRED UNDER PARAGRAPH (2)(I)1 AND 2 OF THIS SUBSECTION OUT
OF STATE IF THE RECIPIENT: 1. WAS EMPLOYED OUT OF STATE AT THE TIME THE
RECIPIENT RECEIVED THE SCHOLARSHIP; 2. CONTINUES EMPLOYMENT WITH THE SAME EMPLOYER
WHILE RECEIVING THE SCHOLARSHIP; AND 3. CONTINUES EMPLOYMENT WITH THE SAME EMPLOYER
AFTER COMPLETION OF THE RECIPIENT'S UNDERGRADUATE STUDIES.
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Session Laws, 2000
Volume 797, Page 3208   View pdf image
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