(a) Scholarships shall be established and administered in a manner that the board determines best serves the public purpose of the scholarships.
(b) In determining what best promotes the public purpose, the board shall consider at a minimum the following factors relating to each person applying for a scholarship under this section:
(1) financial need;
(2) ethnic or racial minority status; and
(3) scholastic ability and performance in at least 15 hours of upper-level accounting coursework.
Official text of the Texas Occupations Code as published by the Texas Legislative Council.