Sec. 2. Money in the National Guard tuition supplement program fund shall be used to provide annual scholarships to scholarship applicants in an amount that is equal to one (1) of the following amounts:
(1) If the scholarship applicant does not receive other financial assistance specifically designated for educational costs, the amount equal to a full undergraduate tuition scholarship, regardless as to whether the student uses the scholarship for undergraduate or graduate educational costs, to attend the state educational institution.
(2) If the scholarship applicant receives other financial assistance specifically designated for educational costs, the amount:
(A) equal to the balance required to attend the state educational institution; and
(B) not to exceed the amount described in subdivision (1).
[Pre-2007 Higher Education Recodification Citation: 20-12-74-7(a).]
As added by P.L.2-2007, SEC.254. Amended by P.L.63-2021, SEC.5.