Sec. 8.5. (a) Subject to subsection (b), if an applicant meets the requirements under section 5.5 of this chapter, the commission may award a one (1) time nonrenewable scholarship to the applicant in an amount of up to ten thousand dollars ($10,000) for transition to teaching program and initial practitioner licensure costs under IC 20-28-4.

     (b) The total annual amount of scholarships awarded by the commission under this section may not exceed one million dollars ($1,000,000). If the total amount of scholarships exceeds the limit under this subsection, the commission shall reduce the scholarships awarded under subsection (a) in a manner prescribed by the commission.

As added by P.L.242-2023, SEC.5.