Okla. Stat. tit. 70, § 70-2405

satisfactory progress towards degree - Conditions of expenditure of

award monies.

The Oklahoma State Regents for Higher Education may adopt rules

and regulations, prescribe and provide appropriate forms for

application, and employ such persons, contract for such services and

make such additional expenditures as may be necessary or appropriate

for implementing the provisions of the Oklahoma Rising Scholars

Award Act; provided, as part of the regulations adopted for

administration of the provisions of the Oklahoma Rising Scholars

Award Program, the Oklahoma State Regents for Higher Education shall

require that each scholarship recipient make continuing and

satisfactory progress toward a degree, including the establishment

of an annual minimum grade point average and annual minimum credit

hours to be maintained by the participants. Such regulations shall

also provide for revoking or rescinding assistance to any

scholarship recipient who fails to meet such required standards.

Such regulations shall also provide that the funds made available to

students as part of the Oklahoma Rising Scholars Award Program shall

Oklahoma Statutes - Title 70. Schools Page 1375

be paid directly to the institution of the student's choice, in

trust for the student, and on the student's behalf, and shall

contain appropriate restrictions and conditions that such monies are

expended only for the purposes authorized by this act. Such

regulations shall also provide for portability of award for a

recipient among accredited institutions of higher education in

Oklahoma in which the recipient may enroll as long as the recipient

meets requirements of the program; however, waivers shall only be

portable between institutions in The Oklahoma State System of Higher

Education and waiver portability may be further limited by the

Oklahoma State Regents for Higher Education rules and regulations.