R765-621-7. Distribution of Award Funds to Institutions

(1) The Board shall annually distribute available funds to eligible institutions proportionally equal to the total number of teachers who graduated from the eligible institution and were hired by a Utah public school district for the most recent three cohort years available, minus funds for Snow College and Salt Lake Community College allocated at the discretion of the Board. (2) The Board shall annually distribute amounts allocated to institutions with new programs without the required three-year history of graduates to fit in the allocation formula, who will receive a minimum allocation amount to be set by scholarship staff.