H259 - 2023 Appropriations Act. (SL 2023-134)

Overview: Section 8A.2 of S.L. 2023-134 directs the State Education Assistance Authority (SEAA) to disburse the Scholarships for Children of Wartime Veterans (Scholarships) rather than the Department of Military and Veterans Affairs (DMVA). The DMVA will continue to manage and maintain the Scholarships. The Veterans' Affairs Commission must select recipients for Scholarships and notify SEAA of the recipients for the disbursement of Scholarships and indicate the recipients that qualify for Scholarships funded with monies from the Escheat Fund. From the funds appropriated from the General Fund each fiscal year to support the Scholarships, SEAA can use up to $150,000 each fiscal year for administrative costs for the disbursement and accounting activities for the program.

This section became effective July 1, 2023, and applies beginning with Scholarships awarded for the 2024-2025 academic year.