OK
Oklahoma Senate Bill SB1339

Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1339 Compare Versions

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28-ENGROSSED HOUSE AMENDME NT
29- TO
30-ENGROSSED SENATE BILL NO . 1339 By: Seifried of the Senate
29+HOUSE OF REPRESENTATIVES - FLOOR VERSION
30+
31+STATE OF OKLAHOMA
32+
33+2nd Session of the 59th Legislature (2024)
34+
35+ENGROSSED SENATE
36+BILL NO. 1339 By: Seifried of the Senate
3137
3238 and
3339
3440 Hefner and McBride of the
3541 House
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40-An Act relating to higher education; creating the
41-Oklahoma Access and Achievement Act; providing short
42-title; defining terms; creating the Oklahoma Access
43-and Achievement Program; providing purpose of
44-program; providing for award amount; providing
45-eligibility criteria for program; providing retention
46-eligibility criteria for program; providing for
47-promulgation of rules; pr oviding for calculation of
48-scholarship program award to be allocate d from
49-certain fund; directing benefits to be awarded to
50-certain eligible applicants subject to availability
51-of funding and the number of eligible applicants;
52-directing the Oklahoma State R egents for Higher
53-Education to make awards on certain basis if cert ain
54-funds are insufficient; allowing the State Regents to
55-take into consideration certain grants and
56-scholarships; prohibiting award from being allowed
57-for certain courses or units taken af ter certain
58-period of time; allow ing award for certain courses or
59-units taken after certain period of time under
60-certain circumstances; a llowing the State Regents to
61-set aside certain funds for certain full commitment;
62-directing priority to be given to cer tain continued
63-support; providing for calculation of financial need ;
64-amending 70 O.S. 2021, Section 3953.1, which relates
65-to the Oklahoma Higher Learning Access Trust Fund;
66-updating statutory language; expanding use of fund
67-for certain purpose; providing f or codification;
68-providing an effective date; and declaring an
69-emergency.
46+
47+[ higher education - Oklahoma Access and Achievement
48+Act - Oklahoma Access and Achievement Program -
49+Oklahoma State Regents for Higher Education -
50+Oklahoma Higher Learning Access Trust Fund - use of
51+fund - codification - effective date –
52+ emergency ]
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57+BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
58+SECTION 1. NEW LAW A new section of law to be codified
59+in the Oklahoma Statutes as Section 2500 of Title 70, unless there
60+is created a duplication in numbering, reads as follows:
61+A. This act shall be known and may be cite d as the “Oklahoma
62+Access and Achievement Act”.
63+B. As used in this act:
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101-AMENDMENT NO. 1. Page 1, lines 6 through 20.5, strike the title to
102-read:
91+1. “CTP program” means a degree, certificate, or nondegree
92+program that meets each of the fol lowing criteria:
93+a. is offered by an ins titution of higher education or
94+technology center school,
95+b. is delivered to students physically attending the
96+institution of higher education or technology center
97+school,
98+c. is designed to support students with inte llectual
99+disabilities who are seeking to continue academic,
100+career and technical, and ind ependent living
101+instruction at an institution of higher education or
102+technology center school to prepare for gainful
103+employment,
104+d. includes an advising and curriculum structure,
105+e. requires students with in tellectual disabilities to
106+participate on not les s than a half-time basis as
107+determined by the institution of higher education or
108+technology center school , with such participation
109+focusing on academic components and occurring through
110+one or more of the following activities:
111+(1) regular enrollment in cred it-bearing courses with
112+nondisabled students offered by the institution
113+of higher education or technology center school ,
103114
104-
105-
106-
107-"[ higher education - Oklahoma Access and Achievement
108-Act - Oklahoma Access and Achievement Program -
109-Oklahoma State Regents for Higher Education -
110-Oklahoma Higher Learning Access Trust Fund - use of
111-fund - codification - effective date –
112- emergency ]"
113-Passed the House of Representatives the 24th day of April, 2024.
114-
115-
116-
117-
118-
119-Presiding Officer of the House of
120- Representatives
121-
122-
123-Passed the Senate the ____ day of _______ ___, 2024.
124-
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129-Presiding Officer of the Senate
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132-ENGR. S. B. NO. 1339 Page 1 1
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158-BILL NO. 1339 By: Seifried of the Senate
141+(2) auditing or participating in courses with
142+nondisabled students offered by the inst itution
143+for higher education or technology center school
144+for which the student does not receive regular
145+academic credit,
146+(3) enrollment in noncredit -bearing, nondegree
147+courses with nondisabled students, or
148+(4) participation in internships or work -based
149+training in settings with nondisabled students,
150+f. requires students with intellectual disabilities to be
151+socially and academically integrated with nondisabled
152+students to the maximum extent possible, and
153+g. is approved by the United States Department of
154+Education pursuant to P.L. No. 110 -315, the Higher
155+Education Opportunity Act, as amended;
156+2. “Eligible student” means a student with an intellectual
157+disability who is eligible for the scholarship program;
158+3. “Scholarship program” means the Oklahoma Access and
159+Achievement Program;
160+4. “State educational ins titution” means a higher education
161+institution or technology center school supported wholly or in part
162+by direct legislative appropriations that provides a CTP program ;
163+5. “State Regents” means the Oklahoma State Regents for Higher
164+Education; and
159165
160- and
161-
162- Hefner and McBride of the
163-House
164-
165-
166-
167-An Act relating to higher education; creating the
168-Oklahoma Access and Achievement Act; providing short
169-title; defining terms; creating the Oklahoma Access
170-and Achievement Program; providing purpose of
171-program; providing for award amount; providing
172-eligibility criteria for program; providing r etention
173-eligibility criteria for program; providing for
174-promulgation of rules; providing for calculation of
175-scholarship program award to be allocated from
176-certain fund; directing benefits to be awarded to
177-certain eligible applicants subject to availabilit y
178-of funding and the number of eligible applicants;
179-directing the Oklahoma State Regents for Higher
180-Education to make awards on certain basis if certain
181-funds are insufficient; allowing the State Regents to
182-take into consideration certain grants and
183-scholarships; prohibiting award from being allowed
184-for certain courses or units taken after certain
185-period of time; allow ing award for certain courses or
186-units taken after certain period of time under
187-certain circumstances; a llowing the State Regents to
188-set aside certain funds for certain full commitment;
189-directing priority to be given to certain continued
190-support; providing for calculation of financial need;
191-amending 70 O.S. 2021, Section 3953.1, which relates
192-to the Oklahoma Higher Learning Access Trust Fund;
193-updating statutory language; expanding use of fund
194-for certain purpose; providing for codification;
195-providing an effective date; and declaring an
196-emergency.
197-
198-
199-
200-
201-BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
202-
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228-SECTION 1. NEW LAW A new section of law to be codified
229-in the Oklahoma Statutes as Section 2500 of Title 70, unless there
230-is created a duplication in numbering, reads as follows:
231-A. This act shall be known and may be cited as the “Oklahoma
232-Access and Achievement Act”.
233-B. As used in this act:
234-1. “CTP program” means a degree, certificate, or nondegree
235-program that meets each of the fol lowing criteria:
236-a. is offered by an ins titution of higher education or
237-technology center school ,
238-b. is delivered to students physically atte nding the
239-institution of higher education or technology center
240-school,
241-c. is designed to support students with inte llectual
242-disabilities who are seeking to continue academic,
243-career and technical, and independent living
244-instruction at an institution of hig her education or
245-technology center school to prepare for gainful
246-employment,
247-d. includes an advising and curriculum structure,
248-e. requires students with in tellectual disabilities to
249-participate on not less than a half -time basis as
250-determined by the instit ution of higher education or
251-technology center school , with such participation
192+6. “Student with an intellectual disability ” means a student:
193+a. with a cognitive impairment, characterized by
194+significant limitations in intellectual and cognitive
195+functioning and adaptive behavior as expressed in
196+conceptual, social, and practical adaptive skill s, and
197+b. who is currently or was formerly eligible for a free
198+appropriate public education under the Individuals
199+with Disabilities Education Act (IDEA), including a
200+student who was determined eligible for special
201+education or related services under IDEA b ut attended
202+a private school or was educated pursuant to the other
203+means of education exception provided for in
204+subsection A of Section 10 -105 of Title 70 of the
205+Oklahoma Statutes.
206+C. There is hereby created a program to be known as the
207+Oklahoma Access and Achievement Program. The purpose of the program
208+is to provide an award to eligible students with intellectual
209+disabilities who are pursuing studies in this state at a CTP
210+program. The award shall be an a mount equal to the nonguaranteed
211+resident tuition at an institution of higher education or the
212+tuition at a technology center school .
213+D. A student with an intellectual disability shall be eligible
214+for the Oklahoma Access and Achievement Program if the student:
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278-focusing on academic components and occurring through
279-one or more of the following activities:
280-(1) regular enrollment in credit -bearing courses with
281-nondisabled students offered by the institution
282-of higher education or technology center school ,
283-(2) auditing or participating in courses with
284-nondisabled students offered by the inst itution
285-for higher education or technology center school
286-for which the student does not receive regul ar
287-academic credit,
288-(3) enrollment in noncredit -bearing, nondegree
289-courses with nondisabled students, or
290-(4) participation in internships or work -based
291-training in settings with nondisabled students,
292-f. requires students with intellectual disabilities to b e
293-socially and academically integrated with nondisabled
294-students to the maximum extent possible, and
295-g. is approved by the United States Department of
296-Education pursuant to P.L. No. 110 -315, the Higher
297-Education Opportunity Act, as amended;
298-2. “Eligible student” means a student with an intellectual
299-disability who is eligible for the scholarship program;
300-3. “Scholarship program” means the Oklahoma Access and
301-Achievement Program;
242+1. Is a resident of this state or enrolled in a school district
243+located in this state that serves students who reside in both this
244+state and an adjacent state pursuant to a contract authorized by
245+Section 5-117.1 of Title 70 of the Oklahoma Statutes;
246+2. Is a United States citizen or lawfully present in the United
247+States. A student who is not a United States citizen or lawfully
248+present in the United States shall not be eligible to participate in
249+the scholarship program and qualify for an award;
250+3. Has graduated within the previous six (6) years fr om a
251+public high school accredited by the State Board of Education or a
252+private school, or has satisfactorily completed within the previous
253+six (6) years an educationa l program that was provided through a
254+means other than a public or private school;
255+4. Has secured admission to and enrolled in a CTP program at an
256+educational institution that meets the requirements to be eligible
257+for federal student financial aid; and
258+5. Has established financial need according to the provisions
259+of Section 3 of this act and standards and provisions promulgated by
260+the State Regents.
261+E. To retain eligibility in the scholarship program, a student
262+with an intellectual disability shall:
263+1. Meet the requirements for retention and completion as
264+established by the state educationa l institution where the student
265+is enrolled;
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328-4. “State educational institution ” means a higher education
329-institution or technology center school supported wholly or in part
330-by direct legislative appropriations that provides a CTP program ;
331-5. “State Regents” means the Oklahoma State Regents for Higher
332-Education; and
333-6. “Student with an intellectual disability ” means a student:
334-a. with a cognitive impairment, characterized by
335-significant limitations in intellectual and cognitive
336-functioning and adaptive behavior as expressed in
337-conceptual, social, and practical adaptive skills, and
338-b. who is currently or was formerly eligible for a free
339-appropriate public education under the Individuals
340-with Disabilities Education Act (IDEA), including a
341-student who was determined eligible for special
342-education or related services under IDEA but attended
343-a private school or was educated pursuan t to the other
344-means of education exception provided for in
345-subsection A of Section 10 -105 of Title 70 of the
346-Oklahoma Statutes.
347-C. There is hereby created a program to be known as the
348-Oklahoma Access and Achievement Program. The purpose of the program
349-is to provide an award to eligible students with intellectual
350-disabilities who are pursuing studies in this state at a CTP
351-program. The award shall be an a mount equal to the nonguaranteed
293+2. Maintain satisfactory academic progress as required by the
294+CTP program criteria ;
295+3. Comply with the standards related to maintenance of
296+eligibility as promulgated by the State Regents; and
297+4. Refrain from conduct that leads to expulsion or suspension
298+of more than one semester from a state educational institution. A
299+student who violates the provisions of this paragraph shall
300+permanently lose eligibility for s cholarship program benefits.
301+F. The State Regent s shall promulgate rules relating to the
302+establishment and maintenance of eligibility under the scholarship
303+program.
304+SECTION 2. NEW LAW A new s ection of law to be codified
305+in the Oklahoma Statutes as Section 2501 of Title 70, unless there
306+is created a duplication in numbering, reads as follows:
307+A. Subject to the availability of funds, an amount equivalent
308+to the nonguaranteed resident tuition at an institution of higher
309+education or the tuition at a technology center school for which an
310+eligible student is obligated at a CTP program shall be awarded by
311+allocation from the Oklahoma Higher Learning Access Trust Fund
312+created pursuant to Section 3953 .1 of Title 70 of the Oklahoma
313+Statutes.
314+B. Benefits awarded through the scholarship pro gram shall be
315+awarded to all eligible student applicants without any limitation on
316+the number of awards in any year other than the amount of funds
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378-resident tuition at an institution of higher education or the
379-tuition at a technology center school .
380-D. A student with an intellectual disability shall be eligible
381-for the Oklahoma Access and Achievement Program if the student:
382-1. Is a resident of this state or enrolled in a school district
383-located in this state that ser ves students who reside in both this
384-state and an adjacent state pursuant to a contract authorized by
385-Section 5-117.1 of Title 70 of the Oklahoma Statutes;
386-2. Is a United States citizen or lawfully present in the United
387-States. A student who is not a Uni ted States citizen or lawfully
388-present in the United States shall not be eligible to participate in
389-the scholarship program and qualify for an award;
390-3. Has graduated within the previous six (6) years from a
391-public high school accredited by the State Boar d of Education or a
392-private school, or has satisfactorily completed within the previous
393-six (6) years an educationa l program that was provided through a
394-means other than a public or private school;
395-4. Has secured admission to and enrolled in a CTP program at an
396-educational institution that meets the requirements to be eligible
397-for federal student financial aid; and
398-5. Has established financial need according to the provisions
399-of Section 3 of this act and standards and provisions promulgated by
400-the State Regents.
344+available for the sc holarship program and the number of elig ible
345+student applicants. Subject to the provisio ns of subsection C of
346+this section, if funds are not sufficient to provide awards for all
347+eligible student applicants, the Oklahoma State Regents for Higher
348+Education shall make awards on the basis of need. Provided, the
349+State Regents may take into consid eration other grants and
350+scholarships received by an eligible student applicant when making
351+awards.
352+C. An award provided for by this section shall not be allowed
353+for courses or other postsecondary units tak en more than five (5)
354+years after the eligible st udent’s first semester of postsecondary
355+enrollment. The State Regents may award the scholarship program
356+benefits for courses or other postsecondary units taken more t han
357+five (5) years after the eligible student ’s first semester of
358+postsecondary enrollmen t only in hardship circumstances; provided,
359+however, no eligible student may receive benefits beyond a
360+cumulative time period of five (5) years.
361+D. The State Regents may, at the time an award is made on
362+behalf of an eligible student, set aside in the Okla homa Higher
363+Learning Access Trust Fund funds for the full commitment made to the
364+student. For all academic years, students who have previously
365+received awards under t he provisions of the Oklahoma Access and
366+Achievement Act and who have continued at all ti mes to fulfill the
367+requirements for eligibility to receive awards provided pursuant to
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427-E. To retain eligibility in the scholarship program, a student
428-with an intellectual disability shall:
429-1. Meet the requirements for retention and completion as
430-established by the state educational institution where the student
431-is enrolled;
432-2. Maintain satisfactory academic progress as required by the
433-CTP program criteria ;
434-3. Comply with the standards related to maintenance of
435-eligibility as promulgated by the State Regents; and
436-4. Refrain from conduct that leads to expulsion or suspension
437-of more than one semester from a state educational institution. A
438-student who violates the provisions of this paragraph shall
439-permanently lose eligibility for s cholarship program benefits.
440-F. The State Regents shall promulgate rules relating to the
441-establishment and maintenance of eligibility under the scholarship
442-program.
443-SECTION 2. NEW LAW A new s ection of law to be codified
444-in the Oklahoma Statutes as Section 2501 of Title 70, unless there
395+the scholarship program shall be given an absolute priority for
396+continued financial support by the scholarship program a bove any
397+students who are applying for an award f or the first time.
398+SECTION 3. NEW LAW A new section of law to be codified
399+in the Oklahoma Statutes as Section 2502 of Title 70, unless there
445400 is created a duplication in numbering, reads as follows:
446-A. Subject to the availability of funds, an amount equivalent
447-to the nonguaranteed resident tuition at an institution of higher
448-education or the tuition at a technology center school for which an
449-eligible student is obligated at a CTP program shall be awarded by
450-allocation from the Oklahoma Higher Learning Access Trust Fund
401+A. Except as otherwise provided f or in subsection B of this
402+section, a student with an intellectual disability shall not be
403+found to be in financial need for purposes of the Oklahoma Access
404+and Achievement Act if prior to receiving any scho larship program
405+award for any year during which t he student is enrolled in a CTP
406+program at a state educational institution, the federal adjusted
407+gross income of the student ’s parent(s) or legal guardian(s) exceeds
408+One Hundred Thousand Dollars ($100,000.00) per year. The
409+determination of financial quali fication provided in this subsection
410+shall be based on the income of the student, not the income of the
411+parent(s) or legal guardian(s), if a student is determined to b e
412+independent of his or her parent(s) or legal guardian(s) for federal
413+financial aid purposes.
414+B. 1. A student with an intellectual disability who was
415+adopted between birth and twelve (12) years of age while in the
416+permanent custody of the Department of Human Services, in the court -
417+ordered custody of a licensed private nonprofit child -placing
418+agency, or federally recognized Indian tribe, as defined by the
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477-created pursuant to Section 3953 .1 of Title 70 of the Oklahoma
478-Statutes.
479-B. Benefits awarded through the scholarship program shall be
480-awarded to all eligible student applic ants without any limitation on
481-the number of awards in any year other than the amount of funds
482-available for the sc holarship program and the number of elig ible
483-student applicants. Subject to the provisions of subsection C of
484-this section, if funds are not sufficient to provide awards for all
485-eligible student applicants, the Oklahoma State Regents for Higher
486-Education shall make awards on the basis of need. Provided, the
487-State Regents may take into consideration other grants and
488-scholarships received by an eligible student applicant when making
489-awards.
490-C. An award provided for by this section shall not be allowed
491-for courses or other postsecondary units tak en more than five (5)
492-years after the eligible student ’s first semester of postsecondary
493-enrollment. The State Regents may award the scholarship program
494-benefits for courses or other postsecondary units taken more t han
495-five (5) years after the eligible student ’s first semester of
496-postsecondary enrollment only in hardship circumstances; provided,
497-however, no eligible student may receive benefits beyond a
498-cumulative time period of five (5) years.
499-D. The State Regents may, at the time an award is made on
500-behalf of an eligible student, set aside in the Oklahoma Higher
446+federal Indian Child Welfare Act, shall not be found to be in
447+financial need for purposes of the Okla homa Access and Achievement
448+Act if prior to receiving any scholarship program award for a ny year
449+during which the student is enrolled in a CTP program at a state
450+educational institution, the federal adjusted gross income of the
451+student’s parent(s) exceeds One Hundred Fifty Thousand Dollars
452+($150,000.00) per year.
453+2. A student with an intellec tual disability who was adopted
454+between thirteen (13) and seventeen (17) years of age while in the
455+permanent custody of the Department of Human Services, in the court -
456+ordered custody of a licensed private no nprofit child-placing
457+agency, or federally recogn ized Indian tribe, as defined by the
458+federal Indian Child Welfare Act, shall not be found to be in
459+financial need for purposes of the Oklahoma Access and Achievement
460+Act if prior to receiving any scholarship program award for any year
461+during which the stud ent is enrolled in a CTP program at a state
462+educational institution, the federal adjusted gross income of the
463+student’s parent(s) exceeds Two Hundred Thousand Dollars
464+($200,000.00) per year.
465+3. The determination of financial qualification provided for in
466+this subsection shall be based on the income of the student, not the
467+income of the student ’s parent(s), if the student is determined to
468+be independent of the student ’s parent(s) for federal financial aid
469+purposes.
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527-Learning Access Trust Fund funds for the full commitment made to the
528-student. For all academic years, students who have previously
529-received awards under t he provisions of the Oklahoma Access and
530-Achievement Act and who have continued at all times to fulfill the
531-requirements for eligibility to r eceive awards provided pursuant to
532-the scholarship program shall be given an absolute priority for
533-continued financial support by the scholarship program a bove any
534-students who are applying for an award for the first time.
535-SECTION 3. NEW LAW A new section of law to be codified
536-in the Oklahoma Statutes as Section 2502 of Title 70, unless there
537-is created a duplication in numbering, reads as follows:
538-A. Except as otherwise provided for in subsection B of this
539-section, a student with a n intellectual disability shall not be
540-found to be in financial need for purposes of the Oklahoma Access
541-and Achievement Act if prior to receiving any scho larship program
542-award for any year during which the student is enrolled in a CTP
543-program at a state e ducational institution, the federal adjusted
544-gross income of the student ’s parent(s) or legal guardian(s) exceeds
545-One Hundred Thousand Dollars ($100,000.00) per year. The
546-determination of financial qualification provided in this subsection
547-shall be based on the income of the student, not the income of the
548-parent(s) or legal guardian(s), if a student is determined to b e
549-independent of his or her parent(s) or legal guardian(s) for federal
550-financial aid purposes.
497+SECTION 4. AMENDATORY 70 O.S. 2021, Section 3953.1, is
498+amended to read as follows:
499+Section 3953.1. A. There is hereby created a trust fund to be
500+known as the “Oklahoma Higher Learni ng Access Trust Fund ”. The
501+Oklahoma State Regents for Higher Education shall be the trus tees of
502+said the Trust Fund.
503+B. The State Regents shall utilize said the Trust Fund to
504+implement the provisions of Sections 2601 through 2605 of this title
505+and Sections 1 through 3 of this act .
506+C. The Trust Fund principal shall consist of monies the
507+Legislature appropriates or transfers to the Oklahoma State Regents
508+for Higher Education for the Trust Fund and any monies or assets
509+contributed to the Trust Fund from any other source, public or
510+private. All monies accruing to the credit of said the fund are
511+hereby appropriated and may be budgeted and expended by the State
512+Regents. Expenditures from said the fund shall be made upon
513+warrants issued by the State Treasurer against claims filed as
514+prescribed by law with the Director of the Office of Management a nd
515+Enterprise Services for approval and payment.
516+D. Notwithstanding other provisions of law, income and
517+investment return on Trust Fund principal shall accrue to the Trust
518+Fund for use as provided by author ization of the trustees for the
519+purposes provided in Sections 2601 through 2605 of this title and
520+Sections 1 through 3 of this act . The State Regents may also
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577-B. 1. A student with an intellectual disabil ity who was
578-adopted between birth and twelve (12) years of age while in the
579-permanent custody of the Department of Human Services, in the court -
580-ordered custody of a licensed private nonprofit child -placing
581-agency, or federally recognized Indian tribe, as d efined by the
582-federal Indian Child Welfare Act, shall not be found to be in
583-financial need for purposes of the Okla homa Access and Achievement
584-Act if prior to receiving any scholarship program award for any year
585-during which the student is enrolled in a CT P program at a state
586-educational institution, the federal adjusted gross income of the
587-student’s parent(s) exceeds One Hundred Fifty Thousand Dollars
588-($150,000.00) per year.
589-2. A student with an intellectual disability who was adopted
590-between thirteen (13 ) and seventeen (17) years of age while in the
591-permanent custody of the Department of Human Services, in the court -
592-ordered custody of a licensed private no nprofit child-placing
593-agency, or federally recognized Indian tribe, as defined by the
594-federal Indian Child Welfare Act, shall not be found to be in
595-financial need for purposes of the Oklahoma Access and Achievement
596-Act if prior to receiving any scholarship program award for any year
597-during which the student is enrolled in a CTP program at a state
598-educational institution, the federal adjusted gross income of the
599-student’s parent(s) exceeds Two Hundred Thousand Dollars
600-($200,000.00) per year.
548+utilize the Trust Fund principal for the purposes provid ed in
549+Sections 2601 through 2605 of this title and Sections 1 through 3 of
550+this act. Except as otherwise provided by law, no such income or
551+investment return or principal shall be used for administrative
552+expenses; expenses incurred by the State Regents in the
553+administration of the Trust Fund an d of the Oklahoma Higher Learning
554+Access Program established by the Oklahoma Higher Learning Access
555+Act and the Oklahoma Access and Achievement Program established by
556+the Oklahoma Access and Achievement Act shall be paid from monies
557+appropriated to the State Regents coordinating board for their
558+general operating budget.
559+E. The State Regents shall adopt rules for accomplishing
560+transfer of funds from the Oklahoma Higher Learning Access Trust
561+Fund to the appropriate ins titutional Educational and General
562+Operations Revolving Funds, as provided in Section 390 1 of this
563+title, to private institutions, and to the appropriate technology
564+center school district to cover general enrollment fees or tuition
565+for eligible students pu rsuant to the Oklahoma Higher Learning
566+Access Act and the Oklahoma Access and Achievement Act. Allocations
567+from the Trust Fund may be made only for the purpose of covering the
568+general enrollment fees or tuition of eligible students. No portion
569+of the Trust Fund may be used or allocated for adm inistrative or
570+operating expenses of any higher e ducation institution or technology
571+center school.
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627-3. The determination of financial qualification provided for in
628-this subsection shall be based on the income of the student, not the
629-income of the student ’s parent(s), if the student is determined to
630-be independent of the student ’s parent(s) for federal financial aid
631-purposes.
632-SECTION 4. AMENDATORY 70 O.S. 2021, Section 3953.1, is
633-amended to read as follows:
634-Section 3953.1. A. There is hereby created a trust fund to be
635-known as the “Oklahoma Higher Learni ng Access Trust Fund ”. The
636-Oklahoma State Regents for Higher Education shall be the trustees of
637-said the Trust Fund.
638-B. The State Regents s hall utilize said the Trust Fund to
639-implement the provisions of Sections 2601 through 2605 of this title
640-and Sections 1 through 3 of this act .
641-C. The Trust Fund principal shall consist of monies the
642-Legislature appropriates or transfers to the Oklahoma St ate Regents
643-for Higher Education for the Trust Fund and any monies or assets
644-contributed to the Trust Fund from any other source, public or
645-private. All monies accruing to the credit of said the fund are
646-hereby appropriated and may be budgeted and expende d by the State
647-Regents. Expenditures from said the fund shall be made upon
648-warrants issued by the State Treasurer against claims filed as
649-prescribed by law with the Director of the Office of Management and
650-Enterprise Services for approval and payment.
651-
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677-D. Notwithstanding other provisions of law, income and
678-investment return on Trust Fund principal shall accrue to the Trust
679-Fund for use as provided by author ization of the trustees for the
680-purposes provided in Sections 2601 through 2605 of this title and
681-Sections 1 through 3 of this act . The State Regents may also
682-utilize the Trust Fund principal for the purposes provid ed in
683-Sections 2601 through 2605 of this title and Sections 1 through 3 of
684-this act. Except as otherwise provided by law, no such income or
685-investment return or principal shall be used for administrative
686-expenses; expenses incurred by the State Regents in the
687-administration of the Trust Fund an d of the Oklahoma Higher Learning
688-Access Program established by the Oklahoma Higher Learning Access
689-Act and the Oklahoma Access and Achievement Program established by
690-the Oklahoma Access and Achievement Act shall be paid from monies
691-appropriated to the State Regents coordinating board for their
692-general operating budget.
693-E. The State Regents shall adopt r ules for accomplishing
694-transfer of funds from the Oklahoma Higher Learning Access Trust
695-Fund to the appropriate ins titutional Educational and General
696-Operations Revolving Funds, as provided in Section 3901 of this
697-title, to private institutions, and to the appropriate technology
698-center school district to cover general enrollment fees or tuition
699-for eligible students pu rsuant to the Oklahoma Higher Learning
700-Access Act and the Oklahoma Access and Achievement Act. Allocations
701-
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727-from the Trust Fund may be made o nly for the purpose of covering the
728-general enrollment fees or tuition of eligible students. No portion
729-of the Trust Fund may be used or allocated for adm inistrative or
730-operating expenses of any higher education institution or technology
731-center school.
732599 SECTION 5. This act shall become effective July 1, 2024.
733600 SECTION 6. It being immediately necessary for the preservation
734601 of the public peace, health, or safety, an emergency is hereby
735602 declared to exist, by reason whereof this act shall take effect and
736603 be in full force from and after its passage and approval.
737-Passed the Senate the 1 4th day of March, 2024.
738604
739-
740-
741- Presiding Officer of the Senate
742-
743-
744-Passed the House of Representatives the ____ day of __________,
745-2024.
746-
747-
748-
749- Presiding Officer of the House
750- of Representatives
751-
752-
605+COMMITTEE REPORT BY: COMMITTEE ON HIGHER EDUCATION AND CAREER TECH,
606+dated 03/25/2024 - DO PASS, As Amended.