18A:71-33 Board's additional duties.
6.The board shall:
(a)Administer all funds appropriated by the Legislature for the purpose of carrying out the provisions of this act.
(b)Be an agency of communication with departments and agencies of the United States on the availability of grants or loans to this State for purposes related or similar to those set forth in this act.
(c)Develop, establish and publicize criteria for the determination of eligibility for financial assistance from the fund based on need and potential for success in college.
(d)Established procedures for determining the amount of each award according to the total financial need of each student.
(e)Through the Commission on Higher Education, be responsible and report periodically in writing to the Governor and the Legislature on the performance of its duties in accordance with the provisions of this act.
(f)Adopt bylaws, and make, enforce, alter and repeal rules for its own operation and for carrying out the provisions of this act.
(g)Receive and disburse such contributions to the fund as may be forthcoming from private and public sources.
L.1968,c.142,s.6; amended 1994,c.48,s.215.
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Last modified: October 11, 2016