Modifies provisions governing the "Fast Track Workforce Incentive Grant"

HB 2992 establishes Missouri's "Fast Track Workforce Incentive Grant" program, providing state-funded grants to eligible Missouri residents for approved postsecondary education or apprenticeships. It directly affects individuals meeting specific criteria: Missouri residents aged 25+ or with no prior postsecondary enrollment for two years, with adjusted gross income under $100,000 (joint) or $50,000 (individual), and enrolled in programs targeting occupational shortages. Grants cover related educational costs like tools and books, and require recipients to maintain a 2.5 GPA for renewals while pursuing certificates, degrees, or industry credentials. The program expires after four semesters, upon earning a bachelor's degree, or reaching 200% of typical program completion time, administered by the Coordinating Board for Higher Education.