Duties of commissioner of higher education relative to program

20-26-201 . Duties of commissioner of higher education relative to program. The commissioner of higher education shall: (1) adopt policies to administer the Montana resident student financial aid program, including the establishment of criteria for student eligibility that must consider financial need; (2) determine the amount of individual financial aid awards; (3) establish procedures for fiscal control, fund accounting, and necessary reports, including the reports required under 20-26-105 ; and (4) apply for, receive, and administer federal and private money.