- (1) Distribution of Award Funds to Institutions. The Board will establish an ongoing funding amount for each eligible institution, which shall be distributed before each fiscal year, and which may be adjusted based on information and data provided to the Board, subject to legislative appropriation.
- (2) Fund Restrictions. Technical education scholarship funds are restricted to expenditure for technical education scholarships and may not be moved or spent on any other program.
- (3) Unused or Carryover Funds. Each eligible institution is encouraged to annually utilize all technical education scholarship funds for qualified students. Surplus funds, for example, fund balances or net assets, shall be retained in the scholarship fund and carried over from one fiscal year to the next.
KEY: education, technical, career, scholarship
Date of Last Change: May 28, 2026
Notice of Continuation: August 16, 2024
Authorizing, and Implemented or Interpreted Law: 53H-11-408