S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1370

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens. MONTGOMERY, ADAMS, AVELLA, BRESLIN, DILAN, ESPAIL-
  LAT, KRUEGER, PARKER, PERKINS -- read twice and ordered  printed,  and
  when printed to be committed to the Committee on Higher Education

AN  ACT to amend the education law, in relation to  creating the "foster
  care higher education scholarship pilot program";  and  providing  for
  the repeal of such provisions upon expiration thereof

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Short title. This act shall be known and may  be  cited  as
the "foster care higher education scholarship pilot program".
  S  2.  Section  604  of  the  education law is amended by adding a new
subdivision 13 to read as follows:
  13. FOSTER CARE HIGHER EDUCATION SCHOLARSHIP PILOT PROGRAM PURSUANT TO
SECTION SIX HUNDRED SIXTY-EIGHT-H OF THIS TITLE.
  S 3. The education law is amended by adding a  new  section  668-h  to
read as follows:
  S  668-H.  FOSTER  CARE HIGHER EDUCATION SCHOLARSHIP PILOT PROGRAM. 1.
PURPOSE. THE PRESIDENT SHALL ESTABLISH A PILOT PROGRAM FOR  THE  PURPOSE
OF  GRANTING  SCHOLARSHIP  AWARDS  TO  ENHANCE  OPPORTUNITIES FOR HIGHER
EDUCATION FOR CHILDREN AND YOUNG ADULTS WHO ARE RECEIVING, OR  WHO  HAVE
RECEIVED,  FOSTER  CARE  SERVICES  IN  NEW  YORK STATE. SUCH SCHOLARSHIP
AWARDS SHALL BE AVAILABLE FOR  THE  TUITION  AND  NON-TUITION  COSTS  OF
ELIGIBLE  STUDENTS  ENROLLED IN APPROVED IN-STATE UNDERGRADUATE PROGRAMS
OR VOCATIONAL TRAINING PROGRAMS.
  2. DEFINITIONS. AS USED IN THIS SECTION, THE TERM:
  (A) "TUITION" MEANS THE TOTAL SEMESTER, QUARTER, OR CREDIT  HOUR  COST
OF INSTRUCTION TO THE STUDENT AS PERIODICALLY PUBLISHED IN THE CATALOGUE
OF  THE INSTITUTIONS, SPECIFICALLY EXCLUDING MANDATORY FEES, BOOK CHARG-
ES, AND ROOM AND BOARD.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03979-01-3
              

S. 1370                             2

  (B) "NON-TUITION COST OF  ATTENDANCE"  MEANS  (I)  THE  ACTUAL  AMOUNT
CHARGED BY THE INSTITUTION FOR ROOM AND BOARD, AND (II) AN ALLOWANCE FOR
TRANSPORTATION,  BOOKS, SUPPLIES, AND PERSONAL EXPENSES AS DETERMINED BY
THE PRESIDENT AND AS APPROVED BY THE DIRECTOR OF  THE  BUDGET,  PROVIDED
THAT  SUCH  DETERMINATION SHALL BE MADE NO LATER THAN  DECEMBER FIRST OF
EACH YEAR FOR USE IN THE  SUCCEEDING  ACADEMIC  YEAR.  IN  THE  EVENT  A
STUDENT  DOES  NOT  INCUR  ROOM  OR  BOARD  CHARGES  AT THE INSTITUTION,
"NON-TUITION COST OF ATTENDANCE" SHALL MEAN AN ALLOWANCE  FOR  ROOM  AND
BOARD AS DETERMINED BY THE PRESIDENT AND APPROVED BY THE DIRECTOR OF THE
BUDGET. IN DETERMINING ALLOWANCES PURSUANT TO THIS PARAGRAPH, THE PRESI-
DENT MAY TAKE INTO CONSIDERATION THE ALLOWANCES PROVIDED FOR IN THE PELL
GRANT  PROGRAM  PURSUANT  TO  SECTION  1070-A  OF TITLE 20 OF THE UNITED
STATES CODE.
  (C) "PART-TIME STUDY" MEANS ENROLLMENT FOR AT  LEAST  THREE  BUT  LESS
THAN  TWELVE  SEMESTER  HOURS  PER  SEMESTER,  OR  THE EQUIVALENT, IN AN
APPROVED UNDERGRADUATE PROGRAM.
  (D) "FULL-TIME STUDY" SHALL MEAN ENROLLMENT FOR AT LEAST TWELVE CREDIT
HOURS PER SEMESTER, OR THE  EQUIVALENT,  IN  AN  APPROVED  UNDERGRADUATE
PROGRAM.
  (E)  "APPROVED  VOCATIONAL  TRAINING PROGRAMS" MEANS IN-STATE PROGRAMS
OFFERED BY AGENCIES APPROVED BY THE COMMISSIONER FOR FUNDING PURSUANT TO
THIS SECTION.  THE  COMMISSIONER  SHALL  APPROVE  ONLY  SUCH  NON-CREDIT
PROGRAMS  WHICH ARE AT LEAST THREE HUNDRED TWENTY CLOCK HOURS IN LENGTH,
AND WHICH MEET STANDARDS OF INSTRUCTIONAL QUALITY ESTABLISHED  IN  REGU-
LATIONS  BY  THE COMMISSIONER. THESE STANDARDS SHALL INCLUDE, BUT NOT BE
LIMITED TO, QUALIFICATIONS OF ADMINISTRATIVE AND  INSTRUCTIONAL  PERSON-
NEL,  QUALITY  OF  FACILITIES  AND  EQUIPMENT, RECORDKEEPING, ADMISSION,
GRADING, ATTENDANCE, AND RECORD OF PLACEMENT OF COMPLETERS  WHICH  MEETS
STANDARDS OF ACCEPTABILITY AS ESTABLISHED BY THE COMMISSIONER.
  3.  ELIGIBILITY.  (A) AN APPLICANT SHALL BE ELIGIBLE FOR A SCHOLARSHIP
AWARD PURSUANT TO THIS SECTION IF, AT THE TIME OF THE  INITIAL  APPLICA-
TION TO THE CORPORATION, THE APPLICANT HAS APPLIED FOR AND BEEN SELECTED
TO RECEIVE FOR THE FIRST TIME AN EDUCATION AND TRAINING VOUCHER PURSUANT
TO  PARAGRAPH  I  OF SECTION 677 OF THE UNITED STATES CODE FOR THE FIRST
ACADEMIC YEAR FOLLOWING ENACTMENT OF THE LEGISLATION AND:
  (1) IS A LEGAL RESIDENT OF NEW YORK STATE;
  (2) IS SIXTEEN TO TWENTY-THREE YEARS OF AGE;
  (3) HAS RECEIVED  FOSTER  CARE  SERVICES  PURSUANT  TO  SECTION  THREE
HUNDRED  FIFTY-EIGHT-A  OF THE SOCIAL SERVICES LAW OR ARTICLE TEN OF THE
FAMILY COURT ACT FOR A PERIOD OF  NINE  MONTHS  OR  MORE  FOLLOWING  THE
CHILD'S SIXTEENTH BIRTHDAY OR HAS BEEN ADOPTED AFTER THE AGE OF SIXTEEN;
  (4) HAS RECEIVED (I) A CERTIFICATE OF GRADUATION FROM A SCHOOL PROVID-
ING  SECONDARY  EDUCATION FROM A STATE WITHIN THE UNITED STATES; OR (II)
THE RECOGNIZED EQUIVALENT OF SUCH CERTIFICATE; OR (III) RECEIVED A PASS-
ING SCORE ON A FEDERALLY APPROVED ABILITY TO BENEFIT TEST THAT HAS  BEEN
IDENTIFIED  BY  THE  BOARD  OF  REGENTS  AS  SATISFYING  THE ELIGIBILITY
REQUIREMENTS OF THIS SECTION AND HAS BEEN INDEPENDENTLY ADMINISTERED AND
EVALUATED AS DEFINED BY THE COMMISSIONER; AND
  (5) IS MATRICULATED IN (I) AN APPROVED UNDERGRADUATE PROGRAM  OR  (II)
AN  APPROVED IN-STATE VOCATIONAL TRAINING PROGRAM. PURSUANT TO PARAGRAPH
A OF SUBDIVISION FOUR OF SECTION SIX HUNDRED SIXTY-ONE OF THIS PART, THE
INSTITUTION OR VOCATIONAL TRAINING PROGRAM SHALL BE ONE  THAT  HAS  BEEN
APPROVED AND OPERATING IN THIS STATE FOR AT LEAST ONE YEAR, AND HAS BEEN
APPROVED  FOR  PARTICIPATION  IN  FEDERAL STUDENT FINANCIAL AID PROGRAMS
AUTHORIZED BY TITLE IV OF THE HIGHER EDUCATION ACT OF 1965, AS AMENDED.

S. 1370                             3

  (B) APPLICATIONS FOR A SCHOLARSHIP AWARD SHALL BE MADE ON FORMS AND IN
THE MANNER PRESCRIBED BY THE CORPORATION.
  4.  AMOUNT.  (A)  THE PRESIDENT SHALL GRANT ANNUAL SCHOLARSHIPS IN THE
FOLLOWING AMOUNTS:
  (1) IF THE RECIPIENT ATTENDS AN UNDERGRADUATE PROGRAM AT  AN  INSTITU-
TION  OF  THE CITY UNIVERSITY OF NEW YORK OR AN INSTITUTION OF THE STATE
UNIVERSITY OF NEW YORK, THE ANNUAL AWARD SHALL BE AN  AMOUNT  EQUAL  TO:
THE TUITION CHARGED AT THE APPLICABLE INSTITUTION OF THE STATE UNIVERSI-
TY  OF  NEW  YORK  OR  THE  CITY  UNIVERSITY  OF NEW YORK PROVIDED THAT,
NOTWITHSTANDING ANY PROVISION  OF  LAW  TO  THE  CONTRARY,  THE  TUITION
CHARGED TO AWARD RECIPIENTS SHALL NOT EXCEED THAT CHARGED TO STATE RESI-
DENT  STUDENTS ATTENDING SUCH INSTITUTION; THE MANDATORY FEES CHARGED AT
SUCH INSTITUTION; AND THE NON-TUITION COSTS OF ATTENDANCE AT SUCH INSTI-
TUTION OR COLLEGE, PROVIDED THAT THE SCHOLARSHIP  SHALL  NOT  EXCEED  AN
AMOUNT  THAT  IS  EQUAL  TO THE TOTAL COSTS OF ATTENDANCE DETERMINED FOR
FEDERAL TITLE IV STUDENT FINANCIAL AID PURPOSES, LESS ALL OTHER SCHOLAR-
SHIPS AND GRANTS PROVIDED BY NEW YORK STATE, OTHER STATES,  THE  FEDERAL
GOVERNMENT,  OR  OTHER  GOVERNMENTS  EXCLUDING  LOANS, AND THE AMOUNT OF
EDUCATIONAL BENEFITS EXCLUDING LOANS PAID UNDER ANY PROGRAM  THAT  WOULD
DUPLICATE  THE  PURPOSES OF THIS PROGRAM, PROVIDED THAT ANY SCHOLARSHIPS
OR GRANTS PROVIDED TO A RECIPIENT BY THE INSTITUTION WHICH ARE  INTENDED
TO  FUND  ANY  PORTION OF THE DIFFERENCE BETWEEN THE ANNUAL AWARD AMOUNT
AND THE ACTUAL COSTS OF ATTENDANCE AT ANY SUCH INSTITUTION SHALL NOT  BE
CONSIDERED TO DUPLICATE THE PURPOSES OF THIS PROGRAM.
  (2)  IF THE RECIPIENT ATTENDS ANY OTHER APPROVED UNDERGRADUATE PROGRAM
OR VOCATIONAL TRAINING PROGRAM WITHIN NEW YORK STATE, THE  ANNUAL  AWARD
SHALL  BE  BASED  UPON  AN AMOUNT EQUAL TO: THE TUITION CHARGED TO STATE
RESIDENT STUDENTS ATTENDING A FOUR-YEAR COLLEGE OF THE STATE  UNIVERSITY
OF NEW YORK; THE AVERAGE MANDATORY FEES CHARGED AT FOUR-YEAR COLLEGES OF
THE STATE UNIVERSITY OF NEW YORK, OR THE ACTUAL TUITION AND FEES CHARGED
TO THE RECIPIENT, WHICHEVER IS LESS; AND THE AVERAGE NON-TUITION COST OF
ATTENDANCE, AS DETERMINED BY THE PRESIDENT AND AS APPROVED BY THE DIREC-
TOR  OF THE BUDGET, FOR A STUDENT AT THE STATE UNIVERSITY OF NEW YORK OR
THE ACTUAL NON-TUITION COST OF ATTENDANCE AT SUCH  INSTITUTION  INCURRED
BY THE RECIPIENT, WHICHEVER IS LESS, PROVIDED THAT THE SCHOLARSHIP SHALL
NOT  EXCEED  AN  AMOUNT  THAT  IS  EQUAL TO THE TOTAL COST OF ATTENDANCE
DETERMINED FOR FEDERAL TITLE IV STUDENT FINANCIAL AID PURPOSES, LESS ALL
OTHER SCHOLARSHIPS AND GRANTS PROVIDED BY NEW YORK STATE, OTHER  STATES,
THE  FEDERAL  GOVERNMENT,  OR OTHER GOVERNMENTS EXCLUDING LOANS, AND THE
AMOUNT OF EDUCATIONAL BENEFITS EXCLUDING LOANS PAID  UNDER  ANY  PROGRAM
THAT  WOULD  DUPLICATE  THE  PURPOSES OF THIS PROGRAM, PROVIDED THAT ANY
SCHOLARSHIPS OR GRANTS PROVIDED TO A RECIPIENT BY THE INSTITUTION  WHICH
ARE  INTENDED  TO  FUND ANY PORTION OF THE DIFFERENCE BETWEEN THE ANNUAL
AWARD AMOUNT AND THE ACTUAL COSTS OF ATTENDANCE AT ANY SUCH  INSTITUTION
SHALL NOT BE CONSIDERED TO DUPLICATE THE PURPOSES OF THIS PROGRAM.
  (B)  NOTHING  CONTAINED  IN THIS SECTION SHALL MODIFY OR ELIMINATE THE
OBLIGATIONS OF A SOCIAL SERVICES OFFICIAL PURSUANT TO SUBDIVISION TEN OF
SECTION THREE HUNDRED NINETY-EIGHT OF THE SOCIAL SERVICES LAW WHO, FOR A
FOSTER CHILD IN ATTENDANCE AT A COLLEGE OR UNIVERSITY AWAY FROM  HIS  OR
HER  FOSTER  FAMILY  BOARDING  HOME, GROUP HOME, AGENCY BOARDING HOME OR
INSTITUTION, MAKES FOSTER PAYMENTS TO SUCH COLLEGE OR UNIVERSITY IN LIEU
OF PAYMENT TO THE FOSTER PARENTS OR AUTHORIZED AGENCY, FOR  THE  PURPOSE
OF ROOM AND BOARD.
  (C)  IN  NO  EVENT  SHALL THE COMBINATION OF ALL STUDENT FINANCIAL AID
RECEIVED BY A STUDENT EXCEED A RECIPIENT'S TOTAL COST OF  ATTENDANCE  AT
THE INSTITUTION BEING ATTENDED.

S. 1370                             4

  5.  ADDITIONAL  SERVICES.  IF A STUDENT QUALIFYING FOR THE FOSTER CARE
HIGHER EDUCATION SCHOLARSHIP PILOT PROGRAM HAS MATRICULATED IN AN UNDER-
GRADUATE INSTITUTION OF THE STATE  UNIVERSITY  OF  NEW  YORK,  THE  CITY
UNIVERSITY  OF NEW YORK, OR A NON-PUBLIC INSTITUTION OF HIGHER EDUCATION
WHICH  OPERATES  AN  EDUCATION  OPPORTUNITY PROGRAM PURSUANT TO SECTIONS
SIXTY-FOUR HUNDRED FIFTY-ONE OR SIXTY-FOUR  HUNDRED  FIFTY-TWO  OF  THIS
CHAPTER,  THE  STUDENT SHOULD BE PROVIDED ACCESS TO THE SUPPORT SERVICES
PROVIDED UNDER THIS EDUCATION OPPORTUNITY  PROGRAM,  INCLUDING  REMEDIAL
COURSES,  DEVELOPMENTAL  AND  COMPENSATORY  COURSES  AND SUMMER CLASSES,
SPECIAL TUTORING, COUNSELING, AND GUIDANCE SERVICES.
  6. DURATION. (A) EACH RECIPIENT ENROLLED IN AN APPROVED  UNDERGRADUATE
PROGRAM  SHALL RECEIVE AWARDS FOR MORE THAN EIGHT SEMESTERS OF FULL TIME
UNDERGRADUATE STUDY, OR THE EQUIVALENT OF FOUR ACADEMIC YEARS.
  (B) NO RECIPIENT ENROLLED IN AN APPROVED VOCATIONAL  TRAINING  PROGRAM
SHALL  RECEIVE AWARDS FOR MORE THAN FOUR SEMESTERS OF FULL-TIME STUDY OR
THE EQUIVALENT OF TWO ACADEMIC YEARS OF FULL-TIME STUDY.
  7. REQUIREMENTS. (A) EACH RECIPIENT  OF  AN  AWARD  PURSUANT  TO  THIS
SECTION  SHALL  ENROLL  IN  AN  APPROVED  FULL-TIME OR PART-TIME DEGREE,
DIPLOMA OR CERTIFICATE PROGRAM OR  COURSE  OF  UNDERGRADUATE  STUDY  AND
RETAIN SATISFACTORY ACADEMIC STANDING.
  (B)  EACH  RECIPIENT  OF  A SCHOLARSHIP AWARD PURSUANT TO THIS SECTION
SHALL BE REQUIRED TO COMPLETE A  NEW  APPLICATION  FOR  EACH  SUBSEQUENT
ACADEMIC  YEAR  AND  MUST MEET THE ELIGIBILITY REQUIREMENTS SET FORTH IN
SUBPARAGRAPHS ONE THROUGH FIVE OF PARAGRAPH (A) OF SUBDIVISION THREE  OF
THIS  SECTION,  PROVIDED  THAT  NO  RECIPIENT SHALL RECEIVE AWARDS FOR A
PERIOD OF TIME EXCEEDING THE PROVISIONS SET FORTH IN SUBDIVISION SIX  OF
THIS SECTION.
  (C)  EACH  APPLICANT SHALL HAVE COMPLETED THE FOLLOWING AT THE TIME OF
INITIAL APPLICATION AND EACH APPLICATION FOR SUBSEQUENT ACADEMIC  YEARS:
(1)  APPLIED  FOR A TUITION ASSISTANCE PROGRAM AWARD PURSUANT TO SECTION
SIX HUNDRED SIXTY-SEVEN OF THIS SUBPART, (2) COMPLETED AND  SUBMITTED  A
FEDERAL  STUDENT  AID APPLICATION PURSUANT TO SECTION 1090 OF THE UNITED
STATES CODE, AND (3) APPLIED FOR AND BEEN SELECTED TO RECEIVE AN  EDUCA-
TIONAL  AND  TRAINING  VOUCHER PURSUANT TO PARAGRAPH I OF SECTION 677 OF
THE UNITED STATES CODE. PURSUANT TO PARAGRAPH (A) OF SUBDIVISION FOUR OF
THIS SECTION, WHEN DETERMINING THE ANNUAL AWARD AMOUNT, ANY GRANT AID OR
FINANCIAL ASSISTANCE RECEIVED, EXCLUDING   LOANS, SHALL BE  UTILIZED  TO
OFFSET  THE  TOTAL  COST  OF  ATTENDANCE DETERMINED FOR FEDERAL TITLE IV
STUDENT FINANCIAL AID PURPOSES TO THE MAXIMUM  EXTENT  POSSIBLE,  EXCEPT
THAT  NOTHING  SHALL REQUIRE THAT AID RECEIVED WHICH MAY BE USED TOWARDS
COSTS OTHER THAN TUITION SHALL BE APPLIED TOWARD THE COST OF TUITION.
  8.  REPORTS  AND  THE  EVALUATION  OF  THE  PILOT  PROGRAM.  UPON  THE
COMPLETION  OF  TWO  YEARS OF OPERATION AND FOUR YEARS OF OPERATION, THE
PRESIDENT SHALL EVALUATE AND ASSESS THE RESULTS OF  THE  PILOT  PROGRAM,
INCLUDING THE FOLLOWING:
  (A)  THE  RETENTION  RATE  OF ALL SCHOLARSHIP RECIPIENTS ENROLLED IN A
FOUR-YEAR UNDERGRADUATE PROGRAM UPON TWO YEARS OF OPERATION;
  (B) THE RETENTION RATE OF ALL SCHOLARSHIP  RECIPIENTS  ENROLLED  IN  A
FOUR-YEAR  UNDERGRADUATE  PROGRAM  WITH  ACCESS  TO THE SERVICES OFFERED
UNDER AN EDUCATION OPPORTUNITY PROGRAM PURSUANT TO  SECTIONS  SIXTY-FOUR
HUNDRED  FIFTY-ONE AND SIXTY-FOUR HUNDRED FIFTY-TWO OF THIS CHAPTER UPON
TWO YEARS OF OPERATION;
  (C) THE DEGREE COMPLETION RATE OF SCHOLARSHIP RECIPIENTS  ENROLLED  IN
VOCATIONAL TRAINING PROGRAMS UPON TWO YEARS OF OPERATION;

S. 1370                             5

  (D)  THE  DEGREE COMPLETION RATE OF SCHOLARSHIP RECIPIENTS ENROLLED AS
FULL-TIME STUDENTS IN A TWO-YEAR UNDERGRADUATE PROGRAM UPON TWO YEARS OF
OPERATION;
  (E)  THE  DEGREE COMPLETION RATE OF SCHOLARSHIP RECIPIENTS ENROLLED AS
FULL-TIME STUDENTS IN A TWO-YEAR UNDERGRADUATE PROGRAM  WITH  ACCESS  TO
THE  SERVICES OFFERED UNDER AN EDUCATION OPPORTUNITY PROGRAM PURSUANT TO
SECTIONS SIXTY-FOUR HUNDRED FIFTY-ONE AND SIXTY-FOUR  HUNDRED  FIFTY-TWO
OF THIS CHAPTER UPON TWO YEARS OF OPERATION;
  (F)  THE  DEGREE COMPLETION RATE OF SCHOLARSHIP RECIPIENTS ENROLLED AS
FULL-TIME STUDENTS IN A FOUR-YEAR UNDERGRADUATE PROGRAM UPON FOUR  YEARS
OF OPERATION;
  (G)  THE  DEGREE COMPLETION RATE OF SCHOLARSHIP RECIPIENTS ENROLLED AS
FULL-TIME STUDENTS IN A FOUR-YEAR UNDERGRADUATE PROGRAM WITH  ACCESS  TO
THE  SERVICES OFFERED UNDER AN EDUCATION OPPORTUNITY PROGRAM PURSUANT TO
SECTIONS SIXTY-FOUR HUNDRED FIFTY-ONE AND SIXTY-FOUR  HUNDRED  FIFTY-TWO
OF THIS CHAPTER UPON FOUR YEARS OF OPERATION;
  (H) THE RETENTION RATE OF SCHOLARSHIP RECIPIENTS ENROLLED AS PART-TIME
STUDENTS IN AN UNDERGRADUATE PROGRAM UPON FOUR YEARS OF OPERATION; AND
  (I) THE RETENTION RATE OF SCHOLARSHIP RECIPIENTS ENROLLED AS PART-TIME
STUDENTS IN AN UNDERGRADUATE PROGRAM WITH ACCESS TO THE SERVICES OFFERED
UNDER  AN  EDUCATION OPPORTUNITY PROGRAM PURSUANT TO SECTIONS SIXTY-FOUR
HUNDRED FIFTY-ONE AND SIXTY-FOUR HUNDRED FIFTY-TWO OF THIS CHAPTER  UPON
FOUR YEARS OF OPERATION.
  9.  RULES  AND  REGULATIONS.  THE CORPORATION IN CONSULTATION WITH THE
COMMISSIONER OF THE  OFFICE  OF  CHILDREN  AND  FAMILY  SERVICES,  SHALL
PROMULGATE ANY RULES AND REGULATIONS NECESSARY FOR THE IMPLEMENTATION OF
THE PROVISIONS OF THIS SECTION.
  S  4.  This act shall take effect immediately; and shall be applicable
for awards made for the academic year which begins on the first of  July
next  succeeding  such effective date and shall expire four years later,
when upon such date the provisions of this act shall be deemed repealed.