[Oasfaa] Oklahoma's Promise funding update

[Fair, Bryce]

As you may be aware, the bill containing the $5.5 million in supplemental funding for Oklahoma's Promise - OHLAP has now been approved by both the Oklahoma Senate and House.  The bill, HB 1234, passed the Senate on Tuesday by a final vote of 48-0.  The final vote in the House yesterday was 84-16.  The Governor now has 5 days (excluding Sunday) to act on the bill.  
 
Press reports indicate that it will be next week before the Governor acts on the bill.  The reports state that the Governor is supportive of the supplemental funding appropriations in the bill.  
 
If the bill is signed next week, it may take another couple of days for the Office of State Finance to allocate the actual funds to the State Regents.  We will begin processing the claims we have as soon as possible.  However, it still may be a couple of weeks from today before the funds actually arrive at the institutions.
 
We will provide additional updates as we get more specific information.  We appreciate your patience and the patience of your students.
 
Bryce Fair
 

Bryce Fair 
Assoc. Vice Chancellor for Scholarships & Grants 
Oklahoma State Regents for Higher Education 
Phone:  (405) 225-9162 
Fax:  (405) 225-9230 
E-mail:  bfair at osrhe.edu 

Mailing Address: 
P.O. Box 108850 
Oklahoma City, OK  73101-8850 

Street Address: 
655 Research Parkway, Suite 200 
Oklahoma City, OK  73104 

 
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