SB 0873 Establishes the "Challenge Scholarship" program
Sponsor:House Co-Sponsor(s)
LR Number:3670S.01I Fiscal Note:3670-01
Last Action:02/06/02 - Hearing Conducted S Education Committee Journal page:
Effective Date:August 28, 2002
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Current Bill Summary

SB 873 - This act establishes the "Challenge Scholarship" program to be administered by the coordinating board for higher education. The program entitles eligible students (not currently receiving A+ grants) to receive scholarships in order to attend any private or public institution of higher learning in Missouri for two years.

The act also requires that any appropriation increases to higher education institutions shall be solely based on that institution's enrollment of full-time students, plus the full- time equivalent of part-time students, plus adjustments for inflation. The act also specifies that unless the Challenge Scholarship and A+ schools programs are fully funded in any fiscal year, there will be no increase in appropriations to public higher education, with the exception of inflation adjustments.