(a) As used in this section, "annual award amount" refers to:
- (1) for a recipient of a Frank O'Bannon award, the amount a recipient is entitled to receive under sections 3 and 4 of this chapter; or
- (2) for a recipient of a twenty-first century scholars award, the amount a recipient is entitled to receive under IC 21-12-6 .
- (b) The annual award amount may be used in any of the academic terms offered by an eligible institution, including summer terms.
- (c) An eligible institution, in consultation with the recipient, may reserve up to one hundred percent (100%) of a recipient's annual award amount for use in the summer.
As added by P.L.281-2013, SEC.5.