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- 1 1 ACTNO, 8155 BILL NO. 32-0328 THIRTY-SECOND LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2018 An Act amending title 17 Virgin Islands Code, chapter 15, adding a section 190dd relating to scholarship programs to provide financial aid for tuition to residents of the Virgin Islands for post-secondary education at the University of the Virgin Islands; and providing for an appropriation of $3,000,000 from the Internal Revenue Matching Fund to the University of the Virgin Islands Scholarship Revolving woe(Jene Be it enacted by the Legislature of the Virgin Islands: SECTION 1. Title 17 Virgin Islands Code, chapter 15 is amended by adding section 190dd. to read as follows: “$190dd. (a) The Virgin Islands Higher Education Scholarship Program administered by the University of the Virgin Islands to provide tuition scholarships for students to attend the University of the Virgin Islands is established, (b) The University of the Virgin Islands through its scholarship program shall provide tuition aid to students pursuing their first associate’s or bachelor’s degree, or both. The University of the Virgin Islands may award full or partial tuition scholarships to students pursuing an associate’s degree or a bachelor’s degree. (c) The President of the University of the Virgin Islands shall appoint a five- member scholarship board from its faculty and staff to administer the scholarship program as directed by regulations promulgated by the University of the Virgin Islands Board of Trustees. : (d) To be eligible for a scholarship under this section a student must: (1) Be a United States citizen or a permanent resident of the United States; (2) Bea bona fide resident domiciled in the Virgin Islands at the time of making application to the scholarship program; (2) The Fund consists of an annual appropriation of $3,000,000 from the Internal Revenue Matching Fund, all private charitable and federal grants, and any other scholarship donations gifts, devises, bequests, and all other kinds of contributions of real or personal property, from persons, corporations, partnerships, trust funds, charitable or other eleemosynary organizations, domestic, national or foreign, as may be made to the fund from time to time and any other sums covered into the fund pursuant to law, as well as any additional contributions as may be appropriated by the Legislature. (3) Monies in the Fund may be used exclusively for tuition scholarships awarded under this section and for implementing the student enrichment programs under subsection (g).” SECTION 2. The sum of $3,000,000 is appropriated from the Internal Revenue Matching Fund in the fiscal year ending September 30, 2019, and every fiscal year thereafter, as a contribution to the University of the Virgin Islands Scholarship Revolving Fund. SECTION 3. This act takes effect for the school year beginning 2018. Thus passed by the Legislature of the Virgin Islands on December 28, PA Mypin D. Jackso ident A, Forde Legislative Secretary yp 12S oe vi Bill No. 32-0328 is hereby approved Witness my hand and the Seal of the Government of the United States Virgin Islands at Charlotte Amalie, St. Thomas, this //*, day of January, 2019 A.D. f) Kenneth E. Mapp Governor