The commission shall adopt rules, pursuant to RSA 541-A, relative to: I. Establishing minimum qualifications of scholarship applicants. II. Instituting a scholarship application process, which includes but is not limited to requiring that all applicants complete a formal scholarship application on appropriate forms to be developed by the commission and time frames for the application process. III. Procedures for awarding and disbursing scholarships. IV. Procedures for determining the amount of funds available to provide annual scholarships through the trust fund. V. Any other issue which the commission deems relevant to the implementation and administration of the scholarship program. VI. Requiring disclosure regarding any scholarship funds, or portion thereof, which are or may be returned to the trust fund.
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