YSC, Title 16.  Education
 
 
 
Chapter 5.  State
Scholarship Fund

501.   Short title.
502.   Establishment of funds.
503.   Administration of funds.
504.   Scholarship grants.
505.   Areas of study.
506.   Amount of scholarship grant.
507.   Annual report.
508.   Rules and procedures.
509.   Orientation program.

     501.  Short title.
     This chapter shall be known and may be cited as the "State Scholarship Fund Act".

Source:  YSL 1-49 1, as amended by YSL 2-25 1, modified.

     502.  Establishment of funds.
     There is hereby established a State Scholarship Fund, hereinafter referred to as the Fund, to provide scholarship grants to qualified students of the State of Yap for study in post secondary schools in area essential for the economic and social development of the State.

Source:  YSL 1-49 2, as amended by YSL 2-25 2, modified.

     503.  Administration of funds.
     The State Board of Education, hereinafter referred to as the Board, shall administer the Fund, including the selection of students to receive scholarship grants.  The Department of Education shall provide administrative, technical, and staff support to the Board for the administration of the Fund.

Source:  YSL 1-49 3, as amended by YSL 2-25 3, modified.

     504.  Scholarship grants.
     Scholarship grants may only be awarded to students with the following qualifications:

     (a)  Enrollment in a post secondary school;

     (b)  Superior academic record or demonstrated potential to succeed in area of study;

     (c)  Major area of study is essential for the economic and social development of the State; and

     (d)  Sufficient maturity and responsibility to manage own affairs.

Source:  YSL 1-49 4, as amended by YSL 1-134 1 and YSL 2-25 4, modified.

     505.  Areas of study.
     The Legislature may by resolution prescribe the areas of study essential for the economic and social development of the State.

Source:  YSL 1-49 5.

     506.  Amount of scholarship grant.
     The Board may not award a scholarship grant to a student in an undergraduate school in excess of $8,000.00 annually or in excess of $9,000.00 annually for a graduate student.  In determining the amount of the scholarship grant, the Board shall consider the cost of a student. s education and other financial assistance to be received by the student.

Source:  YSL 1-49 6, as amended by YSL 2-25 5, modified.

     507.  Annual report.
     The Board shall submit an annual report to the Legislature on the first day of each regular session which shall contain the following information on each student that receives a scholarship grant from the Fund for the academic year in progress:

     (a)  Name;

     (b)  Post secondary school of enrollment;

     (c)  The year of study in the post secondary school;

     (d)  The major area of study;

     (e)  The academic record in the post secondary school as of the last completed academic year or of the secondary school of graduation if in the first year of enrollment in post secondary school;

     (f)  The amount of the scholarship grant received from the Fund for the academic year in progress; and

     (g)  Such additional information on the administration of the Fund as the Board may determine is of value.

Source:  YSL 1-49 7, as amended by YSL 2-25 6, modified.

      508.  Rules and procedures.
     The Board may adopt rules and procedures consistent with this chapter for the administration of the Fund.
 
Source:  YSL 1-49 8, modified.

     509.  Orientation program.
     A student who is selected as a recipient of a scholarship grant for his first year in a post-secondary school shall participate in an orientation program offered by the Department of Education.

Source:  YSL 1-49 9, modified.

Cross-reference:  The statutory provision designating the composition and the responsibilities of the Department of Education is found in section 122 of Title 3 (The Executive) of this Code.