It shall be the duty of the board of regents to receive and pass upon, allow, or disallow all applications for scholarships; to contract, increase, decrease, terminate, and otherwise regulate all grants for scholarships; and to manage, operate, and control all funds appropriated for this purpose.
History. Code 1981, § 20-3-501 , enacted by Ga. L. 1983, p. 496, § 2.