The purpose of the rule development is to review the governing statute, Section 1009.72, Florida Statutes, and the corresponding language of Rule 6A-20.023, F.A.C., for the elimination of the “double budgeting” reference and the elimination of the requirement to set aside funds in the State Student Financial Assistance Trust Fund for year-out funding of renewing students, both which are not in statute. In addition, there are technical statutory reference numbers and terms to be aligned to statute. The effect will be a rule which is consistent with governing law.