Each Senator shall select award recipients. Each Senator shall provide the following information to the Office of Student Financial Assistance (OSFA) for each award: The student’s full name; The student’s address; The student’s Social Security number; The dollar amount of the award; The name of the institution that the student will attend; and Whether the award is a one-time award or is automatically renewed. Upon receipt of this information, OSFA shall notify students of the award offer. Only OSFA can offer a legally binding Senatorial Scholarship. An applicant must accept the Senatorial Scholarship online through the Maryland College Aid Processing System (MDCAPS) within the time frame established by OSFA. Senatorial Scholarships not timely accepted shall be canceled, but may be reinstated if funds are available. Students offered a one-time only award shall accept the award with the acknowledgement that they are waiving any right to have the award renewed. A Senator may choose to utilize an outside organization in determining scholarship awards under the following provisions: The organization must adhere to all pertinent statutory and regulatory provisions; OSFA shall send all information concerning applicants and the awarding of scholarship funds directly to the Senator, who shall forward the information to the outside organization to recommend awards; The organization shall forward the names of all students recommended for an award to the Senator’s office for approval; The Senator shall forward all students selected for award to OSFA for processing; and The outside organization shall not share any student information with any party other than the Senator.