System Procedures
for Chapter 7- General Finance Provisions
Procedure 7.3.12 Scholarships
for Board Policy 7.3
Part 1. Authority.
Board Policy 7.1, Finance and Administrative Authority of the Board,
Chancellor and Presidents, delegates to the chancellor authority to
develop procedures and guidelines to implement this policy.
Other scholarship programs may be established pursuant to this procedure.
Part 2. Delegation to Presidents
The chancellor delegates to the presidents of the colleges or universities
authority to use auxiliary funds and general fund resources for scholarship
and grant awards.
The president must consult with students regarding the plan for use of
auxiliary funds or general fund resources for scholarships and grants.
The president must consult with campus student associations regarding
the plan for use of General Fund resources for scholarship or other grant
awards. The plan must include criteria to be used in selecting recipients
and require that all such scholarships and awards must be processed through
the financial aid office and recorded in the financial aid system.
The college or university must establish and maintain written procedures
governing the establishment of scholarships and grants using auxiliary
and general fund resources, including the criteria to be used in awarding
such scholarships or grants.
Part 3. Compliance
Minn. Stat. Section 135A.30, Minnesota Academic Excellence Scholarship,
provides for an academic excellence scholarship program and includes information
on the eligibility requirements, selection of recipients, amount of scholarship,
renewals, number of awards, distribution among campuses, and additional
contributions.
Colleges and universities are responsible for ensuring that all scholarships
are appropriately recorded in the accounting system. Scholarships must
comply with National Collegiate Athletic Association regulations for athletes.
| Related
Documents: |
to view the following related statute, go to
the Revisor's Web site (http://www.revisor.leg.state.mn.us/).
You can conduct a search from this site by typing in the statute
number.
- M.S. Chapter 135A.30, Minnesota Academic
Excellence Scholarship
|
| Date
of Approval: |
January 18, 2002
|
| Date &
Subject of Revisions: |
|
-
