Section 116-209.80 - DefinitionsThe following definitions apply to this Part:
(1) Eligible postsecondary institution. - A school that is:a. A constituent institution of The University of North Carolina as defined in G.S. 116-2(4).b. A community college as defined in G.S. 115D-2(2).(2) Matriculated status. - Being recognized as a student in a defined program of study leading to a degree, diploma, or certificate at an eligible postsecondary institution.(3) Program. - The North Carolina Need-Based Scholarship Program for Public Colleges and Universities.(4) Reserve Fund. - Scholarship Reserve Fund for Public Colleges and Universities.(5) Scholarship. - A scholarship for education awarded under this Part.(6) Title IV. - Title IV of the Higher Education Act of 1965, as amended, 20 U.S.C. § 1070, et seq.N.C. Gen. Stat. § 116-209.80
Added by 2021 N.C. Sess. Laws 180,s. 8A.2-a, eff. 1/1/2022, and applicable to scholarships awarded beginning with the 2023-2024 academic year.