1) The scholarship fund shall commence in the year 1995. Four (4) $1,000.00 scholarships shall be issued to four eligible applicants entering or enrolled in undergraduate studies.

2) Each year thereafter, four (4) additional scholarships shall be added until a total of sixteen(16) scholarships will be awarded by the year 1998.

3) Once the sixteen (16) scholarships have been issued, the number of scholarships issued per year shall not exceed sixteen (16).

4) All applicants must be a son or daughter of a PB & PA member in good standing with the Association. The term “son or daughter” shall be defined by the Scholarship Committee. The Scholarship Committee defines “son or daughter” to include stepson, stepdaughter, foster son, foster daughter, and legal dependents of the PB & PA member. PB & PA members are not eligible for the scholarships for themselves.

5) The Scholarship Committee shall determine when all applications must be received and set forth when the award shall be issued. The application deadline is March 1st of each year. The Scholarship Committee will meet between March 15th and May 15th of each year to review applications and determine scholarship recipients. Scholarship recipients will be notified by the Scholarship Committee within two (2) weeks following the Committee meeting.

6) Scholarship applications will be made available to each local PB & PA unit.

7) Scholarship applicants must include an essay or personal biography of no more than three pages with their application.

8) Scholarship funding will be disbursed by semester ($500.00 per semester).

9) Upon receipt of the scholarship, all scholarship recipients must complete at least twelve (12) hours of course work per semester. Recipients failing to complete twelve (12) hours of course work per semester, or equivalent thereof, will not be issued payment for those semesters. Any recipient who fails to complete twelve (12) hours per semester, or equivalent thereof, for two (2) consecutive semesters shall have their scholarship revoked. Any recipient who fails to complete two (2) twelve (12) hour semesters within two (2) consecutive years from the date of the scholarship issuance, shall have their scholarship revoked. In either case, an alternate, selected by numerical rating and validated by the Scholarship Committee for the current year in which the revocation would take place, shall receive the remaining term of the original scholarship granted the primary recipient, provided the alternate meets all of the requirements at the time of such approval.

10) Scholarship recipients must maintain a “C” average each semester and provide the office of the Executive Director of the PB & PA with a transcript of their grades each semester to maintain their scholarship, for a maximum of four (4) consecutive years.

11) Each scholarship recipient must provide proof of school registration or enrollment prior to receiving funding.

12) Educational institutions that scholarship applicants are requesting funding for must be accredited and approved by the Scholarship Committee.

13) The Executive Board retains the right to overrule any scholarship award issued by the Scholarship Committee.

14) It is expressly understood by all scholarship recipients that he or she possesses no property interest in the scholarship and said scholarship may be revoked at any time. The Scholarship Committee shall have the authority to recommend the revocation of any scholarship at any time and for any reason whatsoever.