SUMMARY:

            This bill would amend Code Section 50-27-13 of O.C.G.A. to revise the amounts in the lottery accounts that would trigger reductions in HOPE benefits.

REQUIREMENTS:

• If the year-end balance in the reserve is less than 92% of the highest year-end balance since FY 2004, then all scholarships for book allowances would not exceed $150 per year beginning in the next fiscal year and thereafter with the exception of Pell grant students.
• If the year-end balance is less than 84% as noted above, the scholarships and grants for book allowances would be eliminated beginning in the subsequent fiscal year and thereafter with the exception of Pell grant students.
• If the year-end balance is less than 75%, then all scholarships and grants for mandatory fees would be eliminated beginning the next fiscal year and thereafter.