(b) To be eligible to receive such nomination and tuition scholarship, the applicant must be a resident of the state. For purposes of this section, a state resident shall be defined as a person who has resided in the state of New York for a period of at least one year prior to the time of nomination, is a graduate or within one year of graduation from an approved high school or has attained a New York state high school equivalency diploma or its equivalent as determined by the commissioner. 3. The vacancy nominations shall be distributed as follows: five for the governor, five for the majority leader of the senate, five for the speaker of the assembly, two for each state senator other than the majority leader of the senate and one for each member of the assembly other than the speaker of the assembly. The governor and each member of the legislature shall provide one principal and three alternative nominations for consideration for admission. Final admission decisions shall remain with the college and within administrative procedures and criteria. 4. The state university of New York shall provide annually by the first day of July and upon request of the chairperson of the senate higher education committee or the chairperson of the assembly higher education committee a report detailing the total vacancies filled, the total vacancies expected for the upcoming academic year, what vacancies each elected official is expected to have pursuant to the provisions of subdivision three of this section and a summary of the previous year's total student enrollment and participation in the program. 5. The tuition scholarships authorized by this section shall be made available so long as funds are made available for such purposes. 6. Any individual receiving a tuition scholarship pursuant to this section shall apply for all other available state, federal, or other educational grant aid at the time of enrollment. Any grant aid or financial assistance received shall be utilized to offset the cost of tuition to the maximum extent possible, except that nothing shall require that aid or assistance received which may be used towards costs other than that of tuition shall be applied toward the cost of tuition. 7. The state university of New York is hereby authorized to promulgate any rules and regulations necessary for the implementation of the provisions of this section.