Transferability of national service educational award

(a) Disbursement of educational awards Section 148(f) of the National and Community Service Act of 1990 (42 U.S.C. 12604) is amended— (1) in paragraph (2)(A)(i), by striking in a national service program that receives a grant under subtitle C and inserting in a position specified under section 123; and (2) in paragraph (8), by striking subparagraph (C) and inserting the following: (C) who meets such other requirements as the Corporation shall specify in regulations.. (b) Individuals eligible To receive an educational award from the trust Section 146(d)(3) of the National and Community Service Act of 1990 (42 U.S.C. 12602(d)(3)) is amended by striking a 10-year period and all that follows through basis of the award and inserting a 7-year period that begins on the date on which the designated individual who received the transferred educational award becomes 18 years of age.