If an eligible applicant:

1. (1) qualifies for or is receiving the educational costs exemption under this chapter; and

2. (2) earns or is awarded a cash scholarship from any source that is paid or payable to the state educational institution in which the eligible applicant is enrolled or will enroll;

   the state educational institution shall credit the amount of the cash scholarship to the eligible applicant for the payment of incidental expenses incurred by the eligible applicant in attending the state educational institution, with the balance, if any, of the award, if the terms of the scholarship permit, paid to the eligible applicant.

   [Pre-2007 Higher Education Recodification Citation: 20-12-19.7-4.]

As added by P.L.2-2007, SEC.255.