- (a) The National Guard scholarship extension fund is established to provide the financial resources necessary to award tuition scholarships to scholarship extension applicants.
- (b) The commission shall administer the fund. The expenses of administering the fund shall be paid from money in the fund.
- (c) The fund consists of money transferred to the fund from the National Guard scholarship program reserves.
- (d) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.144-2007, SEC.21.