expending the proceeds to the State of Nevada from settlement

agreements with and civil actions against manufacturers of tobacco

products are:

(a) To increase the number of Nevada students who attend and

graduate from Nevada institutions of higher education; and

(b) To assist Nevada residents in obtaining and maintaining good

health.

2. To further these priorities, the legislature hereby declares that it is

in the best interest of the residents of the State of Nevada that all money

received by the State of Nevada pursuant to any settlement entered into

by the State of Nevada and a manufacturer of tobacco products and all

money recovered by the State of Nevada from a judgment in a civil action

against a manufacturer of tobacco products be dedicated solely toward

the achievement of the following goals:

(a) Increasing the number of residents of the State of Nevada who

enroll in and attend a university or community college of the University

and Community College System of Nevada;

(b) Reducing and preventing the use of tobacco products, alcohol and

illegal drugs, especially by children;

(c) Expanding the availability of health insurance and health care for

children and adults in this state, especially for children and for adults

with disabilities;

(d) Assisting senior citizens who have modest incomes in purchasing

prescription drugs and assisting those senior citizens in meeting their

needs related to health care, home care, respite care and their ability to

live independent of institutional care; and

(e) Promoting the general health of all residents of the State of

Nevada.

context otherwise requires, the words and terms defined in sections 4 and

5 of this act have the meanings ascribed to them in those sections.

awarded from the trust fund to a student.

created pursuant to section 6 of this act.

in the state treasury. The state treasurer may accept gifts, grants,

bequests and donations for deposit in the trust fund.

2. The state treasurer shall deposit in the trust fund:

student may apply to the board of regents for a millennium scholarship if

he:

(a) Has been a resident of this state for at least 2 years before he

applies for the scholarship;

(b) Graduated from a public or private high school in this state:

(1) After May 1, 2000; and

(2) Not more than 8 years before he applies for the scholarship;

(c) Maintained at least a 3.0 grade-point average on a 4.0 grading

scale in high school in the core curriculum, as determined by the board

of regents pursuant to subsection 2; and

(d) Is enrolled in at least 12 semester credit hours in a university or at

least 6 semester credit hours in a community college.

2. The board of regents shall:

(a) Define the core curriculum that a student must complete in high

school to be eligible for a millennium scholarship.

(b) Develop a plan to ensure that needy students and students from

families that otherwise could not afford to send their children to college

receive millenium scholarships.

3. For students who did not graduate from a public or private high

school in this state and who have been residents of this state for at least 2

years, the board of regents shall establish:

(a) The minimum score on a standardized test that such students must

receive; or

(b) Other criteria that students must meet,

to be eligible for millennium scholarships.

4. In awarding scholarships, the board of regents shall enhance its

outreach to students who:

(a) Are pursuing a career in education or health care;

(b) Come from families who lack sufficient financial resources to pay

for the costs of sending their children to a university or community

college; or

(c) Substantially participated in an anti-smoking, anti-drug or anti

-alcohol program during high school.

student who is eligible for a millennium scholarship is entitled to receive:

(a) If he is enrolled in a community college, $40 per credit for which

the student is enrolled, or the amount of money that is necessary for the

student to pay the costs of attending the community college that are not

otherwise satisfied by other grants or scholarships, whichever is less.

(b) If he is enrolled in a university, $80 per credit for which the

student is enrolled, or the amount of money that is necessary for the

student to pay the costs of attending the university that are not otherwise

satisfied by other grants or scholarships, whichever is less.

No student may be awarded a scholarship for a total amount in excess of

$10,000.

2. A student who receives a millennium scholarship shall:

(a) Make satisfactory academic progress toward a recognized degree

or certificate, as determined by the board of regents pursuant to

subsection 6; and

(b) Maintain at least a 2.0 grade-point average on a 4.0 grading scale.

3. A millennium scholarship must be used only:

(a) For the payment of registration fees and laboratory fees and

expenses;

(b) To purchase required textbooks and course materials; and

(c) For other costs related to the attendance of the student at the

university or community college.

4. Except as otherwise provided in this subsection, if a student drops

out of school or fails to maintain at least a 2.0 grade-point average in

any semester, the student shall repay the millennium scholarship before

the student is eligible to receive an additional millennium scholarship or

otherwise receive money pursuant to sections 3 to 8, inclusive, of this act.

The board of regents shall establish criteria for a waiver from the

repayment required by this subsection, including, without limitation,

service in the military and conditions of hardship such as medical

necessity.

5. The board of regents shall certify a list of eligible students to the

state treasurer. The state treasurer shall disburse a millennium

scholarship for each semester on behalf of an eligible student directly to

the community college or university in which the student is enrolled,

upon certification from the community college or university of the

number of credits for which the student is enrolled, which must meet or

exceed the minimum number of credits required for eligibility and

certification that the student is in good standing and making satisfactory

academic progress toward a recognized degree or certificate, as

determined by the board of regents pursuant to subsection 6. The

scholarship must be administered by the community college or university

as other similar scholarships are administered and may be used only for

the expenditures authorized pursuant to subsection 3.

significant portion of other available financial aid to culturally

disadvantaged or at-risk students, and students who graduated from high

school before May 1, 2000, who wish to attend college and have the

potential to be successful, but who do not otherwise meet the eligibility

requirements for millennium scholarships.