§ 18-3203
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§18–3203.
(a)Subject to the availability of funds appropriated under subsection
(b)of this section, the award amount under the Program shall be equal to the lesser of:
(1)$5,000; or
(2)10% of the eligible individual’s total higher education loan debt for each year the individual qualifies for the Program.
(b)The Governor annually shall include an appropriation of $100,000 in the State budget for the Commission to disburse assistance under this subtitle.