(a) Determine which students are eligible to receive scholarships under ORS 348.270 and 348.272.
(b) Grant the appropriate scholarships under ORS 348.270 and 348.272.
(c) Make necessary rules for application and distribution of the benefits available under ORS 348.270 and 348.272 and this section.
(d) In awarding scholarships pursuant to its authority under ORS 348.520, give priority to students who are eligible to receive scholarships under ORS 348.270 and 348.272.
(2) If the accounts established or designated by the State Treasurer under ORS 131A.360 and 131A.365 do not contain sufficient moneys to provide scholarships to each student who is eligible to receive a scholarship under ORS 348.270, the commission shall:
(a) Use all moneys available in the accounts established or designated by the State Treasurer under ORS 131A.360 and 131A.365 to provide scholarships to students who are eligible to receive a scholarship under ORS 348.270; and
(b) Award moneys from the Oregon Opportunity Grant program to students who are eligible to receive a scholarship under ORS 348.270.
(3) The commission shall establish rules and procedures necessary to carry out the provisions of ORS 348.270 and 348.272 and this section, including but not limited to the usual and customary rules for analyzing financial need. [1973 c.784 §§2,3; 1997 c.515 §2; 2007 c.71 §95; 2011 c.637 §151; 2013 c.747 §94; 2015 c.513 §16; 2021 c.99 §1]