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<DIV><SPAN class=953074017-22032007><FONT face=Arial size=2>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. </FONT></SPAN></DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial size=2>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. </FONT></SPAN></DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial size=2>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.</FONT></SPAN></DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial size=2>We will provide
additional updates as we get more specific information. We appreciate your
patience and the patience of your students.</FONT></SPAN></DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial size=2>Bryce
Fair</FONT></SPAN></DIV>
<DIV><SPAN class=953074017-22032007><FONT face=Arial
size=2></FONT></SPAN> </DIV>
<P><FONT face=Arial size=2>Bryce Fair</FONT> <BR><FONT face=Arial size=2>Assoc.
Vice Chancellor for Scholarships & Grants</FONT> <BR><FONT face=Arial
size=2>Oklahoma State Regents for Higher Education</FONT> <BR><FONT face=Arial
size=2>Phone: (405) 225-9162</FONT> <BR><FONT face=Arial size=2>Fax:
(405) 225-9230</FONT> <BR><FONT face=Arial size=2>E-mail:
bfair@osrhe.edu</FONT> </P>
<P><FONT face=Arial size=2>Mailing Address:</FONT> <BR><FONT face=Arial
size=2>P.O. Box 108850</FONT> <BR><FONT face=Arial size=2>Oklahoma City,
OK 73101-8850</FONT> </P>
<P><FONT face=Arial size=2>Street Address:</FONT> <BR><FONT face=Arial
size=2>655 Research Parkway, Suite 200</FONT> <BR><FONT face=Arial
size=2>Oklahoma City, OK 73104</FONT> </P>
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