Promulgation of rules

The Tennessee student assistance corporation shall promulgate rules governing the making of awards of financial assistance, to establish criteria for the restriction or suspension of an eligible postsecondary institution's participation in this state's financial aid programs for noncompliance with applicable statutory or regulatory requirements, and to carry out and make effective the purposes of parts 2, 3, and 6-9 of this chapter. The rules must be promulgated in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.