Section 388.1876 - Martin Luther King, Jr. -Cesar Chavez - Rosa Parks future faculty fellowship program(1) Included in the appropriation for fiscal year 2024-2025 for each public university in section 236 is funding for the Martin Luther King, Jr. - Cesar Chavez - Rosa Parks future faculty fellowship program that is intended to increase the pool of academically or economically disadvantaged candidates pursuing faculty or administration careers in postsecondary education in this state. Preference may not be given to applicants on the basis of race, color, ethnicity, gender, or national origin. Institutions should encourage applications from applicants who would otherwise not adequately be represented in the graduate student, faculty, or administration populations. Each public university shall apply the percentage change applicable to every public university in the calculation of appropriations in section 236 to the amount of funds allocated to the future faculty fellowship program.(2) Each public university shall administer the program in a manner prescribed by the department of labor and economic opportunity. The department of labor and economic opportunity shall use a good-faith effort standard to evaluate whether a fellowship is in default. All of the following apply to the program: (a) By June 15 of each year, public universities shall report any anticipated unexpended or unencumbered program funds to the department of labor and economic opportunity. Encumbered funds are those funds that were committed by a fellowship agreement that is signed during the current fiscal year or administrative expenses that have been approved by the department of labor and economic opportunity.(b) Before September 1 of each year, unexpended or unencumbered funds may be transferred, under the direction of the department of labor and economic opportunity, to a future faculty fellowship program at another public university to be awarded to an eligible candidate at that public university.(c) Program allocations not expended or encumbered by September 30, 2026 must be returned to the department of labor and economic opportunity so that those funds may lapse to the state general fund.(d) Not more than 5% of each public university's allocation for the program may be used for administration of the program.(e) In addition to the appropriation for fiscal year 2024-2025, any revenue received during prior fiscal years by the department of labor and economic opportunity from defaulted fellowship agreements is appropriated for the purposes originally intended.Amended by 2024, Act 120,s 183, eff. 10/1/2024.Amended by 2023, Act 103,s 225, eff. 10/1/2023.Amended by 2022, Act 144,s 191, eff. 10/1/2022.Amended by 2021, Act 86,s 49, eff. 9/29/2021.Amended by 2020, Act 165,s 148, eff. 10/1/2020.Amended by 2019, Act 62,s 27, eff. 10/1/2019.Amended by 2018, Act 265,s 141, eff. 10/1/2018.Amended by 2017, Act 108,s 144, eff. 10/1/2017.Amended by 2016, Act 249,s 138, eff. 10/1/2016.Amended by 2015, Act 85,s 119, eff. 10/1/2015.Amended by 2014, Act 196,s 120, eff. 10/1/2014.Amended by 2013, Act 60,s 108, eff. 10/1/2013.Amended by 2012, Act 201,s 134, eff. 10/1/2012.Added by 2011, Act 62,s 125, eff. 10/1/2011.