(1) Reimbursement for students in the Dual Licensure Incentive Program includes funding for the cost of student fees, books, and instructional supplies at a public institution of higher education in this state assessing the highest rate of student fees.
(2) The reimbursement made to one (1) individual within one (1) fiscal year may not exceed the aforementioned costs associated with six (6) semester hours or the equivalent of six (6) semester credit hours, though not to exceed three thousand dollars ($3,000) during the fiscal year.
(b)
(1) Non-Dual Licensure Program recipients may receive funds up to, but not in excess of, the cost of student fees, books, and instructional supplies at a public institution of higher education in this state assessing the highest rate of student fees.
(2) The reimbursement made to one (1) individual within one (1) fiscal year may not exceed the aforementioned costs associated with six (6) semester hours or the equivalent of six (6) semester credit hours.
(c)
(1) Based on the availability of program funds, awards will be disbursed to the recipient pursuant to the reimbursement limitations above and ranking status.
(2) Recipients must maintain an eligible status to receive funds.