Rhode Island General Laws Title 16. Education § 16-107-7. Reporting and disbursement

(a) On or before November 10 and May 10 of each fiscal year following fiscal year 2017, the community college of Rhode Island shall submit a report to the director of the office of management and budget, the state budget officer, the house fiscal advisor, the senate fiscal advisor, the commissioner of postsecondary education, and the chair of the council on postsecondary education detailing the number of students eligible to participate in the scholarship program, the amount of federal and institutional financial aid anticipated to be received by recipient students, the aggregate tuition and mandatory fee costs attributable to recipient students, and the resulting total cost of the scholarship program to the state. The report shall contain such data for both the current fiscal year and the most up-to-date forecast for the following fiscal year. Data reported shall be subdivided by student-year cohort and shall be accompanied by a written explanation detailing the estimating methodology utilized and any impact(s) the forecasted data may present to institutional capacity, operational costs, and the tuition/fee revenue base of the institution.

(b) On or before July 1, 2020, the community college of Rhode Island and the commissioner of postsecondary education shall submit a report evaluating the program based on the first two cohorts to the governor, speaker of the house, and the president of the senate. This evaluation shall include the following:

(c) The office of management and budget, in consultation with the office of the postsecondary commissioner, shall oversee the apportionment and disbursement of all funds appropriated for the purpose of the scholarship program.