Sec. 901.654. FACTORS. (a) Scholarships shall be established and administered in a manner that the board determines best serves the public purpose of the scholarships. (b) In determining what best promotes the public purpose, the board shall consider at a minimum the following factors relating to each person applying for a scholarship under this section: (1) financial need; (2) ethnic or racial minority status; and (3) scholastic ability and performance in at least 15 hours of upper-level accounting coursework.
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