13-55A-17. Endowment fund scholarship--Eligible institution.
For purposes of §§ 13-55A-15 to 13-55A-17, inclusive, an eligible institution is an accredited public or nonpublic nonprofit postsecondary institution, including any tribal college, with a primary physical campus in this state, that:
(1)Elects to participate in the scholarship program provided in §§ 13-55A-15 to 13-55A-17, inclusive;
(2)Offers a baccalaureate degree; and
(3)Designates an associated nonprofit entity to receive and award scholarship funds to the institution's eligible students, as described in § 13-55A-16, on the eligible institution's behalf.
Source: SL 2021, ch 83, § 8, eff. Mar. 18, 2021.