§ 23-38.19:2. Amount and use of awards; terms and conditions
A. Funds for these grants and fellowships shall be apportioned to institutions of higher education to equal interest earned by institutional endowment funds created specifically for this purpose after June 30, 1991. The Virginia Graduate and Undergraduate Assistance Program shall be developed by the Council to be phased in over a four-year period, the first awards to be made after July 1, 1992.
B. Only students who are enrolled or accepted as full-time graduate or undergraduate students in an eligible institution and have demonstrated scholarship and achievements in a postsecondary institution shall be eligible to compete for and receive such awards.
(1990, c. 785; 1992, c. 311.)
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