The bill amends Section 16-70-5 of the General Laws under "The Onward We Learn Scholarship Act" to establish a reimbursement process for the Onward We Learn scholarship program. It mandates that any remaining funds from the enacted budget of the Rhode Island Promise Scholarship Program, after the Community College of Rhode Island has satisfied all eligible scholarships, must be reimbursed to Onward We Learn for scholarships it has disbursed to students attending the Community College of Rhode Island in that fiscal year. Similarly, any remaining funds from the enacted budget of the Rhode Island Hope Scholarship Program, after Rhode Island College has satisfied all eligible scholarships, must also be reimbursed to Onward We Learn for scholarships it has paid on behalf of students attending Rhode Island College in that fiscal year. The Office of the Postsecondary Commissioner is directed to facilitate these reimbursements, and the state controller is authorized to draw the necessary funds. The act is set to take effect upon passage.

Statutes affected:
8162: 16-70-5