State Treasurer Kate Marshall says Wednesday's approval by the IFC will keep the decade-old scholarship program viable, at least until state lawmakers can consider a permanent funding source when they convene in February.
About 21,000 students get the scholarships under the $26-million-a-year program.
Changes in the destination of unclaimed property funds, which had been used to help fund the scholarships, and a decline in funds from the tobacco industry settlement have hurt the scholarship fund.
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