5286 AMH HE H2663.1
SB 5286 - H COMM AMD
By Committee on Higher Education
Strike everything after the enacting clause and insert the following:
"Sec. 1. RCW 28B.10.821 and 1991 sp.s. c 13 s 12 are each amended to read as follows:
The state educational
((grant account)) trust fund is hereby established in the state
treasury. The primary purpose of the trust is to ensure the promise of
college student assistance to needy or disadvantaged students, especially
middle and high school youth, considered at-risk of dropping out of secondary
education, who participate in board-approved early awareness and outreach
programs and who enter college within two years of high school graduation.
The ((commission))
board shall deposit refunds and recoveries of student financial aid
funds expended in prior biennia in such account. The board may also deposit
moneys that have been contributed from other state, federal, or private
sources.
Expenditures from ((such
account)) the fund shall be for financial aid to needy or
disadvantaged students. The board may expend such sums from the fund as may
be necessary to fulfill the purposes of this section including costs to administer
aid programs supported by the fund. All earnings of investments of balances in
the state educational trust fund shall be credited to the trust fund.
Expenditures from the fund shall not be subject to appropriation but are
subject to allotment procedures under chapter 43.88 RCW.
NEW SECTION. Sec. 2. This act is necessary for the immediate preservation of the public peace, health, or safety, or support of the state government and its existing public institutions, and shall take effect immediately."
SB 5286 - H COMM AMD
By Committee on Higher Education
On page 1, line 1 of the title, after "fund;" strike the remainder of the title and insert "amending RCW 28B.10.821; and declaring an emergency."
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