COBI 2015 - New Century Scholarships

Overview
Issues
Background
Financials

Sources Uses

FY 2016 Appropriation

In the 1999 Legislative Session, Senate Bill 90, "Higher Education Scholarships," was passed, which instituted the New Century Scholarship program. Subsequent revisions to the program, including amendments enacted by the 2010 Legislature, have resulted in the current state of the scholarship. The New Century Scholarship is a flat dollar amount, with a maximum award of $1,250 per semester, to be used at a USHE institution that grants bachelor's degrees, BYU, or Westminster College.

To qualify, student must have completed the requirements for an Associate's degree or complete a focused Math and Science Curriculum by high school graduation. Other requirements include a high school GPA of 3.5, a college GPA of 3.0, or an ACT of 26 for home schooled students.

Funding History

Related Publications

Trend Analysis - 2015 General Session - State Board of Regents - Student Assistance

Appropriation Overview

During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $1,983,900 from all sources for New Century Scholarships. This is a 20.1 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources. The total includes $1,983,900 from the General/Education Funds, a reduction of 20.1 percent from revised Fiscal Year 2015 estimates.

Appropriation Adjustments

The following appropriation adjustments were made during the 2015 General Session:

DescriptionOngoingOne-Time

Statute

The following laws govern the New Century Scholarship program:

UCA 53B-8-105 establishes the New Century Scholarship.

Display By:

Funding Source

Expenditure Category

Appropriation Type:

Appropriation History by

Sources of Finance	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Education Fund	1,729,000	1,983,900	1,983,900	1,983,900	1,983,900	0	1,983,900	0	1,983,900
Education Fund, One-time	3,850,000	0	0	0	500,000	0	500,000	(500,000)	0
Transfers - HED	0	100,000	0	0	0	0	0	0	0
Beginning Nonlapsing	0	0	100,000	74,600	75,000	(16,700)	58,300	0	58,300
Closing Nonlapsing	0	(100,000)	(74,600)	(58,300)	0	(58,300)	(58,300)	0	(58,300)
Total	$5,579,000	$1,983,900	$2,009,300	$2,000,200	$2,558,900	($75,000)	$2,483,900	($500,000)	$1,983,900

Show Table | Show Additional Information

Categories of Expenditure	FY11 Actual	FY12 Actual	FY13 Actual	FY14 Actual	FY15 Approp	FY15 Change	FY15 Revised	FY16 Change	FY16 Approp
Current Expense	0	0	225,400	16,300	0	0	0	0	0
Other Charges/Pass Thru	5,579,000	1,983,900	1,783,900	0	2,558,900	(75,000)	2,483,900	(500,000)	1,983,900
Transfers	0	0	0	1,983,900	0	0	0	0	0
Total	$5,579,000	$1,983,900	$2,009,300	$2,000,200	$2,558,900	($75,000)	$2,483,900	($500,000)	$1,983,900

COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.