15-70-04. Submission of grant application - Distribution of grants

15-70-04. Submission of grant application - Distribution of grants 1. In order to qualify for a grant under this chapter, a tribally controlled community college shall submit an application at the time and in the manner required by the state board of higher education. The application must: a. Include the name and address of each student who qualifies for financial assistance under this chapter; and b. Document the enrollment status of each student who qualifies for financial assistance under this chapter. 2. If an application is approved, the state board of higher education shall distribute to the tribally controlled community college, during each year of the biennium, an amount equivalent to the most recent per student payment provided in accordance with the Tribally Controlled Colleges and Universities Assistance Act of 1978 [25 U.S.C. 20] for each nonbeneficiary student who is a resident of the state. If the amount appropriated is insufficient to meet the requirements of this section, the board shall prorate the amount to be distributed. The board may distribute no more than one-half of the biennial legislative appropriation provided for grants under this section during the first year of the biennium. 3. If after meeting the requirements of this section any amount remains available for distribution at the conclusion of each year of the biennium, the state board of higher education shall provide prorated distribution based on criteria set forth in this section. 4. At the time and in the manner determined by the state board of higher education, each tribally controlled community college receiving assistance under this section shall file a report indicating: a. The graduation rate of nonbeneficiary students; and b. The ratio between the amount of funding received by the tribally controlled community college under this section and the college's annual budget.