(1) There is hereby created the Post-Secondary Education Financial Assistance Board which shall consist of the following three (3) members: one (1) person to be appointed by the Board of Trustees of State Institutions of Higher Learning from its membership for an initial period of four (4) years; one (1) person to be appointed by the State Board for Community and Junior Colleges for an initial period of three (3) years; and one (1) person to be appointed by the Governor for an initial period of two (2) years. All subsequent appointments shall be for a period of four (4) years. Vacancies shall be filled for the length of the unexpired term only. The board shall elect from its membership a chairman.
(2) The agency shall designate one (1) member of its staff to serve as director, to administer the provisions of this financial assistance program. The director shall be assigned by the agency sufficient staff, professional and clerical, funds and quarters to administer this program.
(3) The director:
(a) Subject to the review of the board, shall have the power of final approval of any application submitted;
(b) Subject to the approval of the board and the agency, shall have authority to promulgate the necessary rules and regulations for effective administration of this chapter, including the method of making application for assistance authorized by this chapter.
Sources: Laws, 1975, ch. 507, § 4; Laws, 1986, ch. 434, § 15, eff from and after July 1, 1986 (became law on April 4, 1986, without Governor's signature).
(1) There is hereby created the Post-Secondary Education Financial Assistance Board which shall consist of the following three (3) members: one (1) person to be appointed by the Board of Trustees of State Institutions of Higher Learning from its membership for an initial period of four (4) years; one (1) person to be appointed by the State Board for Community and Junior Colleges for an initial period of three (3) years; and one (1) person to be appointed by the Governor for an initial period of two (2) years. All subsequent appointments shall be for a period of four (4) years. Vacancies shall be filled for the length of the unexpired term only. The board shall elect from its membership a chairman.
(2) The agency shall designate one (1) member of its staff to serve as director, to administer the provisions of this financial assistance program. The director shall be assigned by the agency sufficient staff, professional and clerical, funds and quarters to administer this program.
(3) The director:
(a) Subject to the review of the board, shall have the power of final approval of any application submitted;
(b) Subject to the approval of the board and the agency, shall have authority to promulgate the necessary rules and regulations for effective administration of this chapter, including the method of making application for assistance authorized by this chapter.
Sources: Laws, 1975, ch. 507, § 4; Laws, 1986, ch. 434, § 15, eff from and after July 1, 1986 (became law on April 4, 1986, without Governor's signature).
(1) There is hereby created the Post-Secondary Education Financial Assistance Board which shall consist of the following three (3) members: one (1) person to be appointed by the Board of Trustees of State Institutions of Higher Learning from its membership for an initial period of four (4) years; one (1) person to be appointed by the State Board for Community and Junior Colleges for an initial period of three (3) years; and one (1) person to be appointed by the Governor for an initial period of two (2) years. All subsequent appointments shall be for a period of four (4) years. Vacancies shall be filled for the length of the unexpired term only. The board shall elect from its membership a chairman.
(2) The agency shall designate one (1) member of its staff to serve as director, to administer the provisions of this financial assistance program. The director shall be assigned by the agency sufficient staff, professional and clerical, funds and quarters to administer this program.
(3) The director:
(a) Subject to the review of the board, shall have the power of final approval of any application submitted;
(b) Subject to the approval of the board and the agency, shall have authority to promulgate the necessary rules and regulations for effective administration of this chapter, including the method of making application for assistance authorized by this chapter.
Sources: Laws, 1975, ch. 507, § 4; Laws, 1986, ch. 434, § 15, eff from and after July 1, 1986 (became law on April 4, 1986, without Governor's signature).
