Funds must be allocated in a given year to institutions using a methodology that considers state resident Pell Grant recipients so that each public institution shall receive an amount sufficient to provide a similar level of support per state resident Pell recipient when compared to tuition and required fees. However, no institution shall receive a smaller proportion of funding than would be provided under the student enrollment methodology used in years prior to fiscal year 2008-2009. Funds must be awarded to eligible students according to the financial need of the student.
HISTORY: 1996 Act No. 458, Part II, Section 20A; 2011 Act No. 74, Pt VI, Section 17, eff August 1, 2011.
Effect of Amendment
The 2011 amendment rewrote the section.
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