Oklahoma § 70-2625 - Amount of awards – Set-asides

§ 70-2625. Amount of awards – Set-asides

A. Subject to the availability of funds, an amount of not more

than the equivalent of the average amount of resident tuition for

which an eligible Tulsa Reconciliation Education and Scholarship

Program participant enrolled in an institution in The Oklahoma State

System of Higher Education, or enrolled in a postsecondary career

technology education program, whichever is applicable, is obligated

to pay shall be awarded by allocation from the Tulsa Reconciliation

Education and Scholarship Trust Fund.

B. Subject to the availability of funds, for each eligible

Tulsa Reconciliation Education and Scholarship Program participant

Oklahoma Statutes - Title 70. Schools

enrolled at a private institution of higher education, the Oklahoma

State Regents for Higher Education shall award from the Tulsa

Reconciliation Education and Scholarship Trust Fund an amount of not

more than the equivalent of the average amount of resident tuition

for which the participant would be eligible if the participant were

enrolled in a program at an institution of The Oklahoma State System

of Higher Education.

C. Subject to the availability of funds, an amount of not more

than the equivalent of the average amount of tuition for which an

eligible Tulsa Reconciliation Education and Scholarship Program

participant enrolled in a postsecondary career technology education

program is obligated to pay shall be awarded by allocation from the

Tulsa Reconciliation Education and Scholarship Trust Fund. The

allocation shall not exceed the amount a participant would have

received for enrollment at a two-year institution within The

Oklahoma State System of Higher Education.

D. Benefits awarded under the Tulsa Reconciliation Education

and Scholarship Program shall not be allowed for courses or other

postsecondary units taken in excess of the requirements for

completion of a baccalaureate program or taken more than five (5)

years after the student's first semester of participation in the

program. The Oklahoma State Regents for Higher Education may award

the Tulsa Reconciliation Education and Scholarship Program benefits

for courses of postsecondary units taken more than five (5) years

after the student's first semester of participation in the program

only in hardship circumstances. No Tulsa Reconciliation Education

and Scholarship Program participant may receive benefits beyond a

cumulative time period of five (5) years. The Oklahoma State

Regents for Higher Education may establish a maximum limit on the

number of courses or other postsecondary units to which Tulsa

Reconciliation Education and Scholarship Program benefits will

apply. An award to an eligible Tulsa Reconciliation Education and

Scholarship Program participant who is enrolled in a postsecondary

career technology education program may be used to pay for both

career technology education and college work if both are required by

the program.

E. Benefits awarded under the Tulsa Reconciliation Education

and Scholarship Program shall be awarded to not more than 300

eligible participants annually, subject to the amount of funds

available for the program and the number of eligible participants.

Subject to the provisions of subsection F of this section, if funds

are not sufficient to provide awards for the maximum number of

eligible participants each year, the Oklahoma State Regents for

Higher Education shall make awards on the basis of need. The

Oklahoma State Regents for Higher Education shall take into

consideration other grants and scholarships received by an eligible

student when making awards. If an eligible student receives other

Oklahoma Statutes - Title 70. Schools

grants and scholarships, the benefits awarded under the Tulsa

Reconciliation Education and Scholarship Program may cover any

additional educational costs not covered by the other grants and

scholarships. If the family of an eligible Tulsa Reconciliation

Education and Scholarship Program participant may qualify for the

federal Hope Scholarship or Lifetime Learning tax credit as provided

for in the Taxpayer Relief Act of 1997, P.L. No. 105-34, the

participant may elect to use the award allowed by this section to

pay for fees, required textbooks or materials and, if any funds

remain, to pay for room and board instead of resident tuition.

F. The Oklahoma State Regents for Higher Education may, at the

time an award is made on behalf of a Tulsa Reconciliation Education

and Scholarship Program participant, set aside in the Tulsa

Reconciliation Education and Scholarship Trust Fund funds for the

full commitment made to such Tulsa Reconciliation Education and

Scholarship Program participant. For all academic years,

participants who have previously received awards under the

provisions of the Tulsa Reconciliation Education and Scholarship Act

and who have continued at all times to fulfill the requirements for

eligibility to receive awards provided pursuant to this program

shall be given an absolute priority for continued financial support

by the Tulsa Reconciliation Education and Scholarship Program

superior to any residents who are applying for such benefits for the

first time.

Added by Laws 2001, c. 315, § 19. Amended by Laws 2002, c. 395, §

10, eff. Nov. 1, 2002.