(a) To be initially eligible for the award of a leadership scholarship, an undergraduate student must:
(1) have graduated from a public high school in this state;
(2) either:
(A) have qualified for automatic admission to a general academic teaching institution under Section 51.803; or
(B) be nominated by the student's high school for participation in the program and hold another academic distinction recognized by the board;
(3) be enrolled in a baccalaureate degree program at a general academic teaching institution;
(4) be economically disadvantaged, as determined by board rule; and
(5) comply with any additional requirement adopted by the board.
(b) To be initially eligible for the award of a research scholarship, a graduate student must:
(1) be enrolled in a research doctoral degree program at a general academic teaching institution;
(2) either:
(A) have graduated from a public high school in this state during the 10 years preceding the date of the student's application to the program; or
(B) have graduated from an institution of higher education or a private or independent institution of higher education;
(3) be economically disadvantaged, as determined by board rule;
(4) be nominated by the institution at which the student is enrolled on the basis of the student's academic merit and leadership potential; and
(5) comply with any additional requirements adopted by the board.