Examples of Scholarship account in a sentence
Any funds remaining in a Hope Scholarship account at the end of the fiscal year may be carried over to the next fiscal year upon successful renewal of the account.(e) Funds deposited in a student’s Hope Scholarship account, other than those funds expended on transportation services pursuant to §18-31-7(11) (12) of this code, do not constitute taxable income to the parent or the Hope Scholarship student.
Upon execution of the required parental agreement, and subject to the provisions of §18-31-9(e) of this code, one half of the total annually required deposit shall be made no later than August 15 of every year into an eligible recipient’s Hope Scholarship account, and one half of the total annually required deposit shall be made no later than January 15 of every year.
Any refund or rebate for goods or services purchased with Hope Scholarship funds shall be credited directly to a student’s Hope Scholarship account.(d) Nothing in this section prohibits the parents of a Hope Scholarship student from making payments for the costs of educational goods and services not covered by the funds in their student’s Hope Scholarship account.
It is recommended by the Superintendent that the board approve the acceptance of the following donations to the Dale Salomone Memorial Scholarship account: DONORCHECK NUMBERAMOUNTGerald Salomone#8691$10,000.00Richard G.
However, personal deposits into a Hope Scholarship account are not permitted.§18-31-8.