A BILL TO BE ENTITLED
AN ACT to appropriate funds to establish the jeanne lucas scholarship fund at north carolina central university.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to The Board of Governors of The University of North Carolina the sum of five hundred thousand dollars ($500,000) for the 2007‑2008 fiscal year and the sum of five hundred thousand dollars ($500,000) for the 2008‑2009 fiscal year to be allocated to North Carolina Central University to establish the Jeanne Lucas Scholarship Fund.  The purpose of the Fund is to provide need‑based scholarships to students at North Carolina Central University who intend to pursue degrees in the State's high priority disciplines.  The Chancellor and the Board of Trustees in consultation with the State Education Assistance Authority shall develop the criteria for awarding the scholarships and for determining the amount to be awarded to each eligible candidate.  In designing the criteria, the Chancellor and the Board of Trustees shall ensure that the Jeanne Lucas Scholarship Fund program conforms to other student financial aid programs and that no scholarship awarded from this Fund exceeds the cost of attendance at North Carolina Central University.
SECTION 2.  This act becomes effective July 1, 2007.