Published: Mar 31, 2014 5:08 AM EDT

PANAMA CITY, Fla. (AP) - Gov. Rick Scott is planning to sign the "Florida GI" bill aimed at helping veterans living in the state.
    
The bill offers a tuition break to honorably discharged veterans regardless of when they moved to the state. Senate President Don Gaetz and House Speaker Will Weatherford will also attend Monday's bill signing at the National Guard Armory in Panama City.
    
The tuition break will cost an estimated $12 million.
    
The bill also includes college scholarships for National Guard members and sets aside money to renovate armories and acquire land adjacent to existing military installations in the state. It also waives professional licensing fees up to five years after a veteran is discharged.
    
Florida has roughly 1.5 million veterans, and there is an estimated 61,000 active military personnel stationed in the state.

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