Pursuant to the authorization contained in Public Act 00-222, the Town of Putnam does hereby establish a Local Scholarship
Fund to provide financial assistance for post-secondary education
for residents of the municipality.
The Putnam High School Scholarship Committee is hereby designated
and authorized to select annually the scholarship recipients. The
Town of Putnam is hereby authorized to designate on its municipal
motor vehicle property tax bill a place to check off donation amounts
to the Local Scholarship Fund pursuant to Public Act 00-222, subject
to the approval of the Office of Policy and Management. The Town Treasurer
is hereby authorized to deposit all monies collected as a result of
the check-off in the Scholarship Fund, and the Treasurer may accept
additional donations from any other source for the purpose of funding
the Scholarship Fund.
The Board of Selectmen shall, subject to the advice of the Town
Treasurer as to available resources, set the amount and number of
scholarships to be awarded each year by March 1 and shall promptly
transmit the amount and number of scholarships available to the Putnam
High School Scholarship Committee, so that the scholarships can be
awarded for the succeeding academic year. One or more of such scholarships
shall be awarded annually, subject to such particulars as the Board
of Selectmen by resolution may set, but in no event may the scholarship
awarded exceed the existing funds available as reported by the Town
Treasurer. Should the Putnam High School Scholarship Committee be
unwilling or unavailable to make awards for this scholarship, the
Board of Selectmen may, by resolution, designate another appropriate
Town board or committee to fulfill this duty, or create a new committee
to discharge the duties of the Scholarship Committee as set in the
Public Act and this article.