For purposes of §§ 13-55A-15 to 13-55A-17, inclusive, an eligible institution is an accredited public or nonpublic nonprofit postsecondary institution, including any tribal college, with a primary physical campus in this state, that:

1. (1) Elects to participate in the scholarship program provided in §§ 13-55A-15 to 13-55A-17, inclusive; and
2. (2) Offers a baccalaureate degree.

Source: SL 2021, ch 83 , § 8, eff. Mar. 18, 2021; SL 2022, ch 48 , § 3.