(1) Notwithstanding any other statute to the contrary, a student shall be eligible for a Kentucky educational excellence scholarship who:
(a) 1. Received an alternative high school diploma described in KRS 158.140(2)(b) after June 30, 2012; or 2. Attended a Kentucky public high school after June 30, 2008, and is a student with an intellectual disability as defined in 34 C.F.R. sec. 668.231; and (b) Enrolls in a comprehensive transition and postsecondary program at a participating institution located in Kentucky.
(2) A student enrolled in credit-bearing or non-credit-bearing courses as part of a comprehensive transition and postsecondary program prior to the 2016-2017 academic year shall receive:
(a) Two hundred fifty dollars ($250) for enrollment in at least six (6) hours in an academic term; and (b) One hundred twenty-five dollars ($125) for enrollment in less than six (6) hours in an academic term.
(3) A student enrolled in credit-bearing or non-credit-bearing courses as part of a comprehensive transition and postsecondary program beginning with the 2016-2017 academic year shall receive:
(a) Five hundred dollars ($500) for enrollment in at least six (6) hours in an academic term; and (b) Two hundred fifty dollars ($250) for enrollment in less than six (6) hours in an academic term.
(4) A student shall be eligible for a scholarship under this section for a maximum of eight (8) academic terms.
(5) The authority shall promulgate administrative regulations establishing the procedures for making awards under this section.