(1) As used in this section: (a) "Eligible institution" means an institution of higher education within the state system of higher education described in Section 53B-1-102. (b) "Eligible student" means a student who: (i) applies to the board in accordance with the rules described in Subsection (6); (ii) is enrolled in an eligible institution; and (iii) meets the criteria established by the board in rules described in Subsection (6). (c) "Fee" means: (i) for an eligible institution that is part of the Utah System of Higher Education, a fee approved by the board; or (ii) for an eligible institution that is a technical college, a fee approved by the eligible institution. (d) "Program" means the Regents' Scholarship Program described in this section.

(a) "Eligible institution" means an institution of higher education within the state system of higher education described in Section 53B-1-102.

(b) "Eligible student" means a student who: (i) applies to the board in accordance with the rules described in Subsection (6); (ii) is enrolled in an eligible institution; and (iii) meets the criteria established by the board in rules described in Subsection (6).

(i) applies to the board in accordance with the rules described in Subsection (6);

(ii) is enrolled in an eligible institution; and

(iii) meets the criteria established by the board in rules described in Subsection (6).

(c) "Fee" means: (i) for an eligible institution that is part of the Utah System of Higher Education, a fee approved by the board; or (ii) for an eligible institution that is a technical college, a fee approved by the eligible institution.

(i) for an eligible institution that is part of the Utah System of Higher Education, a fee approved by the board; or

(ii) for an eligible institution that is a technical college, a fee approved by the eligible institution.

(d) "Program" means the Regents' Scholarship Program described in this section.

(2) (a) A student who graduates from high school after July 1, 2018: (i) may receive a Regents' scholarship in accordance with this section; and (ii) may not receive a scholarship in accordance with Sections 53B-8-202 through 53B-8-205. (b) A student who graduates from high school on or before July 1, 2018: (i) may receive a scholarship in accordance with Sections 53B-8-202 through 53B-8-205; and (ii) may not receive a Regents' scholarship in accordance with this section.

(a) A student who graduates from high school after July 1, 2018: (i) may receive a Regents' scholarship in accordance with this section; and (ii) may not receive a scholarship in accordance with Sections 53B-8-202 through 53B-8-205.

(i) may receive a Regents' scholarship in accordance with this section; and

(ii) may not receive a scholarship in accordance with Sections 53B-8-202 through 53B-8-205.

(b) A student who graduates from high school on or before July 1, 2018: (i) may receive a scholarship in accordance with Sections 53B-8-202 through 53B-8-205; and (ii) may not receive a Regents' scholarship in accordance with this section.

(i) may receive a scholarship in accordance with Sections 53B-8-202 through 53B-8-205; and

(ii) may not receive a Regents' scholarship in accordance with this section.

(3) (a) Subject to legislative appropriations, beginning with an appropriation for fiscal year 2019, the board shall annually distribute money for the Regents' Scholarship Program described in this section to each eligible institution to award as Regents' scholarships to eligible students. (b) The board shall annually determine the amount of a Regents' scholarship based on: (i) the number of eligible students in the state; and (ii) money available for the program. (c) The board shall annually determine the total amount of money to distribute to an eligible institution based on the eligible institution's share of all eligible students in the state.

(a) Subject to legislative appropriations, beginning with an appropriation for fiscal year 2019, the board shall annually distribute money for the Regents' Scholarship Program described in this section to each eligible institution to award as Regents' scholarships to eligible students.

(b) The board shall annually determine the amount of a Regents' scholarship based on: (i) the number of eligible students in the state; and (ii) money available for the program.

(i) the number of eligible students in the state; and

(ii) money available for the program.

(c) The board shall annually determine the total amount of money to distribute to an eligible institution based on the eligible institution's share of all eligible students in the state.

(4) (a) Except as provided in Subsection (4)(b) or (c), an eligible institution shall provide to an eligible student a Regents' scholarship in the amount determined by the board described in Subsection (3)(b). (b) For a Regents' scholarship for which an eligible student applies on or before July 1, 2019, an eligible institution may reduce the amount of the Regents' scholarship based on other state aid awarded to the eligible student for tuition and fees. (c) For a Regents' scholarship for which an eligible student applies after July 1, 2019: (i) an eligible institution shall reduce the amount of the Regents' scholarship so that the total amount of state aid awarded to the eligible student, including tuition or fee waivers and the Regents' scholarship, does not exceed the cost of the eligible student's tuition and fees; and (ii) the eligible student may only use the Regents' scholarship for tuition and fees.

(a) Except as provided in Subsection (4)(b) or (c), an eligible institution shall provide to an eligible student a Regents' scholarship in the amount determined by the board described in Subsection (3)(b).

(b) For a Regents' scholarship for which an eligible student applies on or before July 1, 2019, an eligible institution may reduce the amount of the Regents' scholarship based on other state aid awarded to the eligible student for tuition and fees.

(c) For a Regents' scholarship for which an eligible student applies after July 1, 2019: (i) an eligible institution shall reduce the amount of the Regents' scholarship so that the total amount of state aid awarded to the eligible student, including tuition or fee waivers and the Regents' scholarship, does not exceed the cost of the eligible student's tuition and fees; and (ii) the eligible student may only use the Regents' scholarship for tuition and fees.

(i) an eligible institution shall reduce the amount of the Regents' scholarship so that the total amount of state aid awarded to the eligible student, including tuition or fee waivers and the Regents' scholarship, does not exceed the cost of the eligible student's tuition and fees; and

(ii) the eligible student may only use the Regents' scholarship for tuition and fees.

(5) The board may: (a) audit an eligible institution's administration of Regents' scholarships; and (b) require an eligible institution to repay to the board money distributed to the eligible institution under this section that is not provided to an eligible student as a Regents' scholarship.

(a) audit an eligible institution's administration of Regents' scholarships; and

(b) require an eligible institution to repay to the board money distributed to the eligible institution under this section that is not provided to an eligible student as a Regents' scholarship.

(6) (a) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the board shall make rules that establish: (i) requirements related to an eligible institution's administration of Regents' scholarships; (ii) a process for a student to apply to the board to determine the student's eligibility for a Regents' scholarship; (iii) criteria to determine a student's eligibility for a Regents' scholarship, including: (A) minimum secondary education academic performance standards; (B) the completion of secondary core curriculum and graduation requirements; (C) the completion of a Free Application for Federal Student Aid; (D) need-based measures that address college affordability and access; and (E) minimum enrollment requirements in an eligible institution; and (iv) a requirement for each eligible institution to annually report to the board on all Regents' scholarships awarded by the eligible institution. (b) In making rules described in Subsection (6)(a) that apply to a technical college, the board shall consult with the Utah System of Technical Colleges Board of Trustees.

(a) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the board shall make rules that establish: (i) requirements related to an eligible institution's administration of Regents' scholarships; (ii) a process for a student to apply to the board to determine the student's eligibility for a Regents' scholarship; (iii) criteria to determine a student's eligibility for a Regents' scholarship, including: (A) minimum secondary education academic performance standards; (B) the completion of secondary core curriculum and graduation requirements; (C) the completion of a Free Application for Federal Student Aid; (D) need-based measures that address college affordability and access; and (E) minimum enrollment requirements in an eligible institution; and (iv) a requirement for each eligible institution to annually report to the board on all Regents' scholarships awarded by the eligible institution.

(i) requirements related to an eligible institution's administration of Regents' scholarships;

(ii) a process for a student to apply to the board to determine the student's eligibility for a Regents' scholarship;

(iii) criteria to determine a student's eligibility for a Regents' scholarship, including: (A) minimum secondary education academic performance standards; (B) the completion of secondary core curriculum and graduation requirements; (C) the completion of a Free Application for Federal Student Aid; (D) need-based measures that address college affordability and access; and (E) minimum enrollment requirements in an eligible institution; and

(A) minimum secondary education academic performance standards;

(B) the completion of secondary core curriculum and graduation requirements;

(C) the completion of a Free Application for Federal Student Aid;

(D) need-based measures that address college affordability and access; and

(E) minimum enrollment requirements in an eligible institution; and

(iv) a requirement for each eligible institution to annually report to the board on all Regents' scholarships awarded by the eligible institution.

(b) In making rules described in Subsection (6)(a) that apply to a technical college, the board shall consult with the Utah System of Technical Colleges Board of Trustees.

(7) The board shall annually report on the program to the Higher Education Appropriations Subcommittee.

(8) (a) The State Board of Education, a school district, or a public high school shall cooperate with the board and eligible institutions to facilitate the program, including by exchanging relevant data where allowed by law. (b) The State Board of Education shall annually provide to the board a list of directory information, including name and address, for each grade 8 student in the state.

(a) The State Board of Education, a school district, or a public high school shall cooperate with the board and eligible institutions to facilitate the program, including by exchanging relevant data where allowed by law.

(b) The State Board of Education shall annually provide to the board a list of directory information, including name and address, for each grade 8 student in the state.

(9) Notwithstanding the provisions in this section, a private, nonprofit college or university in the state that is accredited by the Northwest Commission on Colleges and Universities is an eligible institution for purposes of providing a Regents' scholarship to an eligible student who applies for a Regents' scholarship on or before July 1, 2019.

(10) If money appropriated under this section is available after Regents' scholarships are awarded, the board shall use the money for the Access Utah Promise Scholarship Program created in Section 53B-8-302.