(1) To receive a grant, a state institution of higher education must submit an application to the administering entity in accordance with policies adopted by the commission. (2) The administering entity shall review the applications received pursuant to this section. In awarding grants, the administering entity shall consider the intended expenses and associated costs proposed by the applicant relative to the money annually appropriated to the department pursuant to section 23-80-108 to achieve the greatest intended impact of the grant program across Colorado, including maximizing access and opportunity for all students regardless of demographic or geographic diversity.
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