The food animal veterinarian conditional scholarship program is established. The program shall be administered by the university. In administering the program, the university has the following powers and duties:(1) To select, in consultation with the college, up to two students each year to receive conditional scholarships;(2) To adopt necessary rules and guidelines;(3) To publicize the program;(4) To collect and manage repayments from students who do not meet their obligations under this chapter; and(5) To solicit and accept grants and donations from public and private sources for the program.[ 2008 c 208 s 3.]