| (a) Funding. At least 50 percent of the funds awarded
through this program must be awarded from private funds. The Board
is authorized to use any available revenue, including legislative
appropriations, and may solicit and accept gifts and grants for the
purposes of this subchapter.
(b) Grant Amount. The grant amount for an eligible
institution shall consist of two parts:
(1) support for the administrative expenses of an eligible
institution; and
(2) scholarship awards to eligible students.
(c) Award Amount. The minimum and maximum award per
student for a given academic year will be determined by the Commissioner
and announced to institutions at the time they are informed of their
share of funds for the year.
(d) Period of Eligibility. No individual may receive
T-STEM Scholarships for more than two academic years. Scholarships
awarded in a given year do not represent an entitlement to an award
for a second year.
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