53B-8-110.   Regents' Scholarship Program -- Supplemental award to encourage college savings.
     (1) A student who qualifies for the Base Regents' Scholarship in accordance with the provisions of Section 53B-8-109 may be awarded up to an additional $400 as provided in this section.
     (2) A student who qualifies for the Base Regents' Scholarship shall be awarded up to $100 for a year that:
     (a) the student was 14, 15, 16, or 17 years of age; and
     (b) at least $100 in contributions, excluding transfers, investment earnings, and interest, was deposited in a Utah Educational Savings Plan Trust account that designated the student as the beneficiary.
     (3) (a) The award shall be an amount equal to a dollar for dollar match up to $100 for each of the years described in Subsection (2)(a).
     (b) The maximum award is $100 for a year, up to a cumulative total of $400.

Enacted by Chapter 271, 2008 General Session
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Last revised: Wednesday, July 23, 2008