2. a. For the summer 2023 semester only, the authority shall award summer tuition aid grants for eligible students pursuant to N.J.S. 18A:71B-20 A summer tuition aid grant shall be applied toward the tuition costs outside of the academic year, as defined in N.J.S. 18A:71B-4 The receipt of a summer tuition aid grant shall not: (1) reduce the amount of a tuition aid grant awarded to the student during the academic year; (2) be included when determining the student’s maximum tuition aid grant awards pursuant to subsection b. of this section; or (3) otherwise adversely affect the student’s eligibility for an award under this chapter.

b. A summer tuition aid grant shall be prorated against the full-time tuition aid grant awarded in the preceding semester as follows: an eligible student enrolled with six to eight credits shall receive one-half of the value of a full-time award, and an eligible student enrolled with nine to 11 credits shall receive three-quarters of a full-time award.

c. Summer tuition aid grants awarded pursuant to this section shall be funded by the appropriation made to the authority pursuant to section 3 of P.L.2023, c.34 and any additional amounts as may be required from the unexpended balance of funds previously awarded for tuition aid grants as of the effective date of P.L.2023, c.34 (C. 18A:71B-20 et al.). The Legislature may award funds in addition to those appropriated to the authority pursuant to section 3 of P.L.2023, c.34 by a separate line item.

L.2023, c.34, s.2.