This is an interesting question and I’m not quite sure if @FLtitan1217’s link/info can be applied to this topic.
Here it says that
“This program will provide funds for 100 percent of the number of credit hours
required to complete a baccalaureate degree program, or until completion of a
baccalaureate degree program, whichever comes first.”
http://www.floridastudentfinancialaid.org/SSFAD/factsheets/FIS.pdf
I’d say that you shouldn’t worry about it; I highly doubt you will be punished for taking AP classes.
This is the only case in which I could see them fairly taking away the Benacquisto funds: if you have reached the 120 credits needed (including AP credits) AND have had time to take the classes required for your major.
Let’s look at Chem engineering BS for an example. (Because that’s what I want to major in, and this applies to me as a 12th grader NMSF myself)
https://catalog.ufl.edu/ugrad/current/engineering/majors/chemical-engineering.aspx
134 credits needed. Max AP credits allowed to take in (45 i think). I very highly doubt that they would take the funding away once I have taken 89 credits in classes - after 6 just semesters - because the credits of the classes required for this degree surely exceed 89.
I’m pretty sure they wouldn’t cover two bachelor degrees, though, unless you could do it in under 5 years MAYBE?