94- 457 C.M.R. ch. 613, § 8
The Authority will make Program scholarship funds available to participating institutions for award to eligible students on an annual basis according to allocation and distribution guidelines to be determined by the Authority from time to time. The amounts available to institutions annually is subject to available funds. The Authority may set aside up to 10% of available funds annually as a reserve, first for the needs of non-degree students and students at out of State schools who received Program scholarships in the 2007-2008 academic year and are eligible for subsequent scholarships, then for the needs of institutions which have not previously participated in the Program, and then for other Program purposes as determined by the Authority.
94- 457 C.M.R. ch. 613, § 8