(a) Vice Chancellor for Administration shall appoint a selection panel comprised of individuals representing higher education, public education, and the community at large to select Underwood-Smith Teaching Scholars who meet the eligibility criteria set forth in subsection (b) of this section.
(b) Eligibility for an Underwood-Smith Teaching Scholars award shall be limited to students who meet the following criteria:
(1) Have graduated or are graduating from high school with a cumulative grade point average of at least 3.25 on a 4.0 scale;