Print Friendly HOUSE BILL NO. 281 – Alexis scholarship fund
HOUSE BILL NO. 281
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SCHOLARSHIPS - Adds to existing law to provide for the creation of the
Alexis Scholarship Fund in the state treasury; to provide eligibility
criteria for the scholarship; to provide duties of the Superintendent of
Public Instruction and State Treasurer; and to provide procedures if there
are more qualifying students than there are moneys in the fund.
03/05 House intro - 1st rdg - to printing
03/06 Rpt prt - to Educ
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]]
Fifty-ninth Legislature First Regular Session - 2007
IN THE HOUSE OF REPRESENTATIVES
HOUSE BILL NO. 281
BY EDUCATION COMMITTEE
1 AN ACT
2 RELATING TO SCHOLARSHIPS; AMENDING CHAPTER 43, TITLE 33, IDAHO CODE, BY THE
3 ADDITION OF A NEW SECTION 33-4316, IDAHO CODE, TO PROVIDE LEGISLATIVE
4 INTENT, TO PROVIDE FOR THE CREATION OF THE ALEXIS SCHOLARSHIP FUND IN THE
5 STATE TREASURY, TO PROVIDE ELIGIBILITY CRITERIA FOR THE SCHOLARSHIP, TO
6 PROVIDE DUTIES OF THE SUPERINTENDENT OF PUBLIC INSTRUCTION AND STATE TREA-
7 SURER AND TO PROVIDE PROCEDURES IF THERE ARE MORE QUALIFYING STUDENTS THAN
8 THERE ARE MONEYS IN THE FUND.
9 Be It Enacted by the Legislature of the State of Idaho:
10 SECTION 1. That Chapter 43, Title 33, Idaho Code, be, and the same is
11 hereby amended by the addition thereto of a NEW SECTION, to be known and des-
12 ignated as Section 33-4316, Idaho Code, and to read as follows:
13 33-4316. ALEXIS SCHOLARSHIP FUND. Recognizing that regular attendance in
14 school goes hand in hand with academic achievement, it is the intent of the
15 legislature to provide an incentive and encourage personal responsibility for
16 parents and children to save for their higher education needs. There is hereby
17 created in the state treasury, the Alexis scholarship fund, for which moneys
18 in the fund shall be utilized to provide a fifty dollar ($50.00) scholarship
19 for an Idaho student who achieves perfect attendance during the entire school
20 year at any Idaho public school. The principal at the student's school shall
21 forward to the superintendent of public instruction before July 1 of each year
22 a list of all students who achieved perfect attendance during the school year.
23 The superintendent of public instruction shall then notify the state treasurer
24 of the names and addresses of all qualifying students. The state treasurer
25 shall then transfer and deposit fifty dollars ($50.00) to an account that has
26 been established in the student's name in the college savings program created
27 in chapter 54, title 33, Idaho Code, within funds appropriated to this fund.
28 The Alexis scholarship fund shall be credited all moneys that may be
29 appropriated, apportioned, allocated and paid back to that fund. Moneys in
30 this fund shall be used exclusively as provided in this section and are per-
31 petually appropriated to the state treasurer for such purposes as authorized
32 by this section. Moneys in the fund shall be invested by the state treasurer
33 in the same manner as provided under section 67-1210, Idaho Code, with respect
34 to other idle moneys in the state treasury. Interest earned on the invest-
35 ments shall be credited to the fund.
36 Moneys for the Alexis scholarship shall be awarded in the order received
37 by the state treasurer from the superintendent of public instruction. If there
38 are more students qualifying for scholarships than there are funds available,
39 scholarships shall be awarded in the order the names were received by the
40 state treasurer from the superintendent of public instruction. Those students
41 who qualified for a scholarship when funds were not available shall have first
42 priority to receive moneys contributed in their name in the college savings
43 program when funds become available.
STATEMENT OF PURPOSE
This legislation creates the Alexis Scholarship Fund to provide a
scholarship to any Idaho student who achieves perfect attendance
at any Idaho public school in any year. The intent of this
legislation is to provide an incentive for children to achieve
regular attendance in school, and to encourage individual
responsibility in saving for college.
A one-time general fund appropriation of $655,000.00 to establish
the Alexis Scholarship Fund. Additional ongoing appropriations
from the general fund may be deposited into the fund to continue
the program based on need.
Name: Representative McGeachin
STATEMENT OF PURPOSE/FISCAL NOTE H 281