(a) For any fiscal year, if the funds appropriated for the Delegate Howard P. Rawlings Educational Excellence Award Program are insufficient to satisfy fully all awards as calculated under § 18–304 of this subtitle, the amount paid to each recipient of a Delegate Howard P. Rawlings Educational Excellence Award shall be a percentage of that award, as determined in accordance with regulations adopted by the Commission that establish a schedule of reductions for this purpose.
(b) (1) Delegate Howard P. Rawlings Educational Excellence Award grants calculated under § 18–304 of this subtitle that are not used by the recipients shall be retained by the Commission for use in the Delegate Howard P. Rawlings Educational Excellence Award Program for the next fiscal year.
(2) All funds retained in the Delegate Howard P. Rawlings Educational Excellence Award Program as provided in paragraph (1) of this subsection shall be used to award scholarships to students during subsequent fiscal years as provided by this title and may not be used for administrative expenses.
Structure Maryland Statutes
Division III - Higher Education
Title 18 - Student Financial Assistance
Subtitle 3 - Delegate Howard P. Rawlings Educational Excellence Awards Program
Section 18-301 - Delegate Howard P. Rawlings Program of Educational Excellence Awards Established
Section 18-303 - Qualifications of Recipient
Section 18-303.1 - Next Generation Scholars of Maryland Program
Section 18-303.2 - Eligibility for Award
Section 18-303.3 - Verification for and Administration of Guaranteed Access Grant
Section 18-304 - Amount of Award
Section 18-306 - Duration of Award
Section 18-308 - Reciprocal Scholarship Agreements With Other States
Section 18-309 - Payment of Award; Schedule of Reductions; Retention of Unused Grants