(1) As used in this section, “post-secondary education institution” means:
(a) A public university listed in ORS 352.002;
(b) A community college operated under ORS chapter 341;
(c) A school or division of the Oregon Health and Science University; or
(d) An Oregon-based, generally accredited, not-for-profit private institution of higher education.
(2) The Oregon Board of Accountancy may establish a program for awarding grants to organizations to fund need-based scholarships for students seeking higher education in accounting at a post-secondary education institution that is accredited by a regional accrediting association or by another accrediting body that is recognized by the board.
(3) The board may by rule establish the eligibility criteria for the grant program.