GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

S	1 

SENATE BILL 415

Short Title:  GPAC/Comm. College Scholarships.	(Public)
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Sponsors: Senator Martin of Guilford.
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Referred to:  Government Performance Audit.
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February 25, 1993

A BILL TO BE ENTITLED
AN ACT TO IMPLEMENT A RECOMMENDATION OF THE GOVERNMENT PERFORMANCE AUDIT COMMITTEE REGARDING ESTABLISHMENT OF CHALLENGE GRANT SCHOLARSHIP FUNDS FOR THE NORTH CAROLINA COMMUNITY COLLEGE SYSTEM.
The General Assembly of North Carolina enacts:
Section 1.  (a)	The Department of Community Colleges shall develop a plan to establish a Community College System Challenge Grant Scholarship Fund.  The plan shall be presented to the 1994 Regular Session of the 1993 General Assembly.  The plan shall address initial funding (method and amounts) as well as matching contributions from non-State contributions.
(b)	It is the goal of the General Assembly that the Challenge Grant Scholarship Fund be developed for the benefit of needy students in the North Carolina Community College System.
(c)	The State Board of Community Colleges shall administer the Challenge Grant Scholarship Fund as a means for augmenting rapidly the principal in the Fund so that the State Board will gain greater resources from which to award aid to a larger number of needy students.
Sec. 2.  This act is effective upon ratification.