(a) The following institutions are qualified postsecondary institutions for purposes of awarding an Alaska performance scholarship:
(1) a university or college physically located in the state that
(A) is authorized to operate in the state under AS 14.48.020 or is exempt from authorization under AS 14.48.030(b)(1);
(B) is accredited by a regional or national accreditation association;
(C) has an advisory program established for incoming students that provides counseling related to course selection, career choice, and personal challenges; and
(D) provides courses and credits that can result in the issuance of a degree or certificate available at the institution within a time frame expected for that degree or certificate;
(2) a career and technical school program physically located in the state that meets the standards established in (a)(1)(C) and (D) of this section and that has been included on a list of certified career and technical school programs received from the Department of Labor and Workforce Development; the commission shall publish the list on or before June 30 of the year preceding enrollment.
(b) The Department of Labor and Workforce Development shall, in consultation with the Department of Education and Early Development, adopt regulations under AS 44.62 (Administrative Procedure Act) establishing criteria under which the Department of Labor and Workforce Development shall certify career and technical school programs in the state as eligible to participate in the Alaska performance scholarship program.