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            A. The Board of Regents shall establish the criteria for initial and continuing eligibility, the method for determining the award amount, and other program requirements not otherwise provided in this Chapter.

            B. The Board of Regents, through the office of student financial assistance, shall administer the program and shall adopt rules necessary to implement the provisions of this Chapter in accordance with the Administrative Procedure Act.

            Acts 2010, No. 655, §1, eff. June 29, 2010; Acts 2019, No. 21, §1.