N.Y. EDN Law § 670

§ 670. Regents college scholarships. 1. Number and certification.\nTwenty-five thousand regents college scholarships shall be awarded each\nyear. Such scholarships shall be allocated as provided in article\nthirteen to eligible students as certified to the president by the\ncommissioner.\n 2. Duration. Each scholarship recipient shall receive an annual award\nfor each of not more than four academic years of undergraduate study, or\nfive academic years if a program of study normally requires five years\nas defined by the commissioner pursuant to article thirteen; provided,\nhowever, for the purposes of this section a student who is in his or her\nlast term of eligibility and who need not take twelve or more credits or\nthe equivalent thereof to complete the prescribed course of study of the\ninstitution such student is attending shall remain eligible for such\naward.\n 3. Amount. The president shall make awards in the following amounts:\n (a) The annual award shall be one thousand dollars, but if the income\nexceeds one thousand eight hundred dollars, the award shall be reduced\nby one dollar for each ten dollars, or part thereof, of the excess,\nprovided the minimum award shall be two hundred fifty dollars. If the\nannual amount of tuition and educational fees payable by the student is\nmore than three hundred fifty dollars, the award shall not exceed the\namount of such tuition and educational fees; if the amount of such\ntuition and educational fees is three hundred fifty dollars or less, the\naward shall not exceed three hundred fifty dollars.\n (b) The annual award for any scholarship awarded pursuant to this\nsection and effective subsequent to the nineteen hundred\nseventy-three--nineteen hundred seventy-four school year shall be two\nhundred fifty dollars. Provided, however, in the case of any student who\nhas received an award effective with the nineteen hundred\nseventy-four--nineteen hundred seventy-five school year, if the award of\ntwo hundred fifty dollars when combined with any award made pursuant to\nthe provisions of subdivision four of section six hundred sixty-seven of\nthis article would be less than the total of the combined awards he\nmight otherwise be entitled to receive pursuant to the provisions of\nparagraph (a) of this subdivision and of subdivision three of section\nsix hundred sixty-seven, he shall be entitled to receive the combined\namount computed pursuant to the provisions of paragraph (a) of this\nsubdivision and of subdivision three of section six hundred sixty-seven.\n