(a) In order to receive a grant under the program, a student shall be a recipient of a Cal Grant B award, and shall perform at least 100 hours per quarter or 150 hours per semester of community or volunteer service, as appropriate. The community or volunteer service shall be performed through organizations meeting the requirements of Section 69438.7. The organizations shall report the hours of service performed by participating students to the commission in a timely manner.

(b) A participating student is eligible to receive a grant under the program for a maximum of eight semesters or 12 quarters. Once a student has met the minimum service requirement, the student is eligible for an award of up to one thousand five hundred dollars ($1,500) per semester or one thousand dollars ($1,000) per quarter. The amount of a grant made to an individual participating student shall be calculated as follows:

(1) Fifty percent of the unmet need of up to one thousand five hundred dollars ($1,500) of a student enrolled in a semester-based system, or 33.33 percent of the unmet need of up to one thousand dollars ($1,000) of a student enrolled in a quarter-based system, as appropriate, shall be multiplied as follows:

(A) For half-time students, multiplied by five tenths (0.5).

(B) For three-fourths full-time students, multiplied by seventy-five hundredths (0.75).

(C) For full-time students, multiplied by one (1).

(2) If a student is eligible to receive a grant under the program, the minimum amount awarded in a semester or quarter shall be determined as follows:

(A) For half-time students, one hundred fifty dollars ($150).

(B) For three-fourths full-time students, two hundred twenty-five dollars ($225).

(C) For full-time students, three hundred dollars ($300).

(c) A grant awarded under the program shall not offset or replace any other source of grant aid, including, but not necessarily limited to, institutional aid and scholarships.

(d) No more than 2,500 students who are eligible through meeting all of the requirements of Section 69438.5 shall simultaneously participate in the program. When award slots are available, grants under the program shall be awarded to eligible students on a first-come-first-served basis, with priority established in order of the date and time of the student’s submission of a completed California Dream Act application pursuant to subdivision (a) of Section 69438.5.

(e) Of the funds appropriated in the Budget Act of 2019–20 for the purposes of the program, up to one million five hundred thousand dollars ($1,500,000) shall be available on a one-time basis to the commission to support the costs to administer the program for the 2019–20 fiscal year.

(Added by Stats. 2019, Ch. 53, Sec. 13. (SB 77) Effective July 1, 2019.)