AN ACT TO CREATE THE "FORMER COLLEGIATE ATHLETE SCHOLARSHIP PROGRAM"; TO AUTHORIZE SCHOLARSHIPS FOR FORMER COLLEGIATE ATHLETES WHO DID NOT COMPLETE A BACCALAUREATE DEGREE TO PURSUE A DEGREE IN EDUCATION OR ANOTHER DEGREE PROGRAM THAT ENABLES THE INDIVIDUAL TO BE LICENSED AS A TEACHER THROUGH AN ALTERNATIVE ROUTE; TO AUTHORIZE SCHOLARSHIP AWARDS FOR UP TO THREE YEARS; TO REQUIRE A SCHOLARSHIP RECIPIENT TO RENDER SERVICE AS A PUBLIC SCHOOL TEACHER IN EXCHANGE FOR THE SCHOLARSHIP; TO REQUIRE THE BOARD OF TRUSTEES OF STATE INSTITUTIONS OF HIGHER LEARNING TO BE THE ADMINISTERING AGENCY OF THE SCHOLARSHIP PROGRAM; AND FOR RELATED PURPOSES.