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<p class=MsoNormal><font size=2 face="Times New Roman"><span style='font-size:
11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face="Times New Roman"><span style='font-size:
11.0pt'>In accordance with 70 O.S. 2000 Supp., §3903(g), allotments to
institutions will be reduced for the month of June for the current fiscal year
(FY09) by an annualized 1.44 percent, the same percentage applied to most other
state agencies. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face="Times New Roman"><span style='font-size:
11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoBodyTextIndent style='margin-right:.5in;text-align:justify'><i><font
size=2 face="Times New Roman"><span style='font-size:11.0pt'>Upon receipt of
notice from the Director of State Finance of a necessary reduction in the
consolidated, or lump-sum appropriation, to meet a failure in revenue, the
State Regents shall immediately take action to control the approval of
subsequent allotment requests sufficient to make the aggregate reduction in
allotments of all constituent institutions under their control equal the amount
of reduction ordered against the lump-sum appropriation made by the
Legislature. Such reductions against the lump-sum appropriation shall not
exceed the percentage reduction ordered against other agencies of the state, in
accordance with Section 23 or Article X of the <st1:place w:st="on"><st1:State
w:st="on">Oklahoma</st1:State></st1:place> Constitution.<o:p></o:p></span></font></i></p>
<p class=MsoNormal><font size=2 face="Times New Roman"><span style='font-size:
11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face="Times New Roman"><span style='font-size:
11.0pt'>The reduced allotment will apply to the General Revenue allotted to
each institution, as shown on the attached schedule. Please submit a
budget revision incorporating the reduced allotments of state general revenue
appropriations to this office by June 19, 2009. Please also file the
reduction in the Office of State Finance<font color=navy><span
style='color:navy'>’</span></font>s Core Budgeting System. The State
Regents will be asked to ratify the reduced allotments at the meeting of June
25 and authorize the Chancellor to approve and transmit the revised budgets for
ratification.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face="Times New Roman"><span style='font-size:
11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face="Times New Roman"><span style='font-size:
11.0pt'>A formal notification letter will be sent to your Presidents next week.<font
color=navy><span style='color:navy'> </span></font><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
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