N.Y. Education Law § 670-b: Scholarships for academic excellence

§ 670-b. Scholarships for academic excellence. 1. Number and

certification. Five thousand scholarships shall be awarded in the

nineteen hundred ninety-seven--ninety-eight academic year, and eight

thousand scholarships shall be awarded in the nineteen hundred

ninety-eight--ninety-nine academic year and thereafter. Such

scholarships shall be allocated as provided in article thirteen of this

chapter to eligible students certified to the president by the

commissioner.

2. Duration. A scholarship shall entitle the recipient to an annual

award for not more than four academic years of undergraduate study, or

five academic years, if the program of study normally requires five

years as defined by the commissioner pursuant to article thirteen of

this chapter.

3. Amount. a. (i) For the nineteen hundred ninety-seven--ninety-eight

academic year, there shall be two thousand scholarships in the amount of

one thousand dollars each and there shall be three thousand scholarships

in the amount of five hundred dollars each.

(ii) For the nineteen hundred ninety-eight--ninety-nine academic year

and thereafter, there shall be two thousand scholarships in the amount

of one thousand five hundred dollars each and there shall be six

thousand scholarships in the amount of five hundred dollars each.

(iii) Notwithstanding any inconsistent provision of law, students

awarded one thousand dollar scholarships in the nineteen hundred

ninety-seven--ninety-eight academic year shall be entitled in the

nineteen hundred ninety-eight--ninety-nine academic year and thereafter

to an annual award of one thousand five hundred dollars.

b. In no event shall the amount of the annual award exceed the

recipient's cost of attendance at the institution attended. Cost of

attendance shall mean tuition, required fees, laboratory and other

instruction related expenses, books, transportation, room and board.

Anything in this article to the contrary notwithstanding, a recipient of

a scholarship may concurrently receive with such award any other

academic or general award for which he or she may be eligible provided

however in no event shall a recipient be awarded a scholarship in any

amount where the combination of all such awards would exceed the

recipient's cost of attendance at the institution.