Short title

Legislative findings; purpose of commission. Definitions. Creation of commission as successor to State Scholarship Commission; transfer of assets. Functions and composition of board of commissioners; appointment, qualifications, and terms of commissioners; board officers; meetings; committees; compensation; advisory councils. Commission officers, employees, and support services; bonds; legal services. Powers and duties of commission, board of commissioners, and officers; confidentiality; repayments and refunds. Division of board of commissioners to serve as directors of corporation and authority. Accounting system; corporation moneys not to be used for authority’s expenses. Annual audits; distribution of audit reports. Budget requests. Operations reports. Web based counseling and resources for students. PART 1A NONPUBLIC POSTSECONDARY EDUCATIONAL INSTITUTIONS