(1) Scholarships will be awarded in an amount not to exceed $8,000.00, per semester up to a maximum of two (2) semesters.
    (2) Scholarship awards will be made payable to the institution and will be transmitted during September for those enrolled in the fall term and during January for those enrolled in the winter term.
    (3) A maximum of $200,000.00 may be expended for all scholarships each year.
    (4) A minimum of $1,000.00 must be maintained in the program account.
Rulemaking Authority Florida Statutes § 473.304(1), 473.3065(3) FS. Law Implemented Florida Statutes § 473.3065. History-New 9-22-99, Amended 10-5-09, 10-9-13, 1-31-18, 1-26-22.