Section: State treasurer released from responsibility under original lease
5. The board shall:
a. Develop and maintain a Statewide system for the identification of potential Pompelio scholars in cooperation with other State departments, agencies or public institutions of higher education in the State.
b. Recruit, select and provide financial assistance from the fund to Pompelio scholars who are residents of this State in order that they may be able to attend public institutions of higher education.
c. Communicate with departments and agencies of the United States on the availability of grants to this State for purposes related or similar to those set forth in this act.
d. Develop, establish and publicize criteria for the determination of eligibility for financial assistance from the fund.
e. Establish procedures for determining the amount of each award based on the total financial need of each Pompelio scholar and the resources available to the applicant to meet the costs of the applicant's higher education.
f. Annually report in writing to the authority on the performance of its duties in accordance with the provisions of this act.
g. Adopt bylaws, and make, enforce, alter and repeal rules for its own operation and for carrying out the provisions of this act.
h. Deposit in the fund and disburse from the fund such gifts and contributions as may be forthcoming from public and private sources.
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