CHAPTER 157

FORMERLY

HOUSE BILL NO. 263

AN ACT TO IMPLEMENT AND FUND THE DELAWARE SEED SCHOLARSHIP PROGRAM.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE :

WHEREAS, the General Assembly has taken action to implement a Student Excellence Equals Degree incentive, the Delaware SEED Scholarship Program; and

WHEREAS, there is currently $1,000,000.00 appropriated by the General Assembly in prior years that is currently available to fund access to higher education.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. For purposes of implementation of the Delaware Student Excellence Equals Degree Act, the current appropriations Fiscal Year 1998 (95-08-01-0184) and Fiscal Year 1997 (95-08-01-09-75) shall be transferred into a separate account entitled "SEED Scholarship Fund" within the Department of Education. These funds are to be used to fund the first year requirements of the SEED Scholarship Program during the Fiscal Year 2007. Unexpended funds remaining in said account shall not be subject to reversion until June 30, 2007.

Section 2. This Act shall become effective upon the enactment of the Delaware SEED Scholarship Program into law.

Approved July 12, 2005