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Each board desiring to award scholarships shall establish a policy setting forth the maximum number and amount.  Said policy may be amended by the board as necessary.  The number and amount of each scholarship granted pursuant to this Chapter shall not exceed the number and amount set forth in the policy.  

Added by Acts 1976, No. 130, §1.  Amended by Acts 1977, No. 245, §1; Acts 1988, No. 55, §1.