Okla. Stat. tit. 70, § 70-4714

A. If funds are available in the Funds for Excellence Fund,

created pursuant to Section 4713 of this title, the State Regents

for Higher Education shall develop and conduct a series of grant

competitions for the various institutions of higher education within

The Oklahoma State System of Higher Education.

B. The State Regents for Higher Education shall devise the

rules and procedures to be used in the grant competition within the

following broad outlines set forth by the Legislature:

1. The State Regents for Higher Education shall set forth the

theme of the competition. The general theme shall always relate to

improving some aspect of higher education, however the specific

theme could include, but not be limited to, any one or combination

of the following:

a. improving general or core curricular studies for

undergraduates. Projects, for example, could involve

a revision by the College Arts and Sciences of course

requirements with special emphasis on

interdisciplinary approaches, or those integrating

geography with core requirements,

b. strengthening core arts and sciences curricular

requirements for preprofessional students,

c. effectively applying assessment in student admission,

placement, retention, advancement and graduation,

d. strengthening the economic development outreach

activities of higher education institutions,

e. strengthening academic alliances between high schools

and higher education institutions, and

f. improving academic cooperation between two-year

colleges and technology center schools;

2. Each institution of higher education interested in

participating in the competition shall conduct an internal

competition, with internal peer review, to select three proposals.

These three proposals shall be submitted to the State Regents for

Higher Education and shall compete against the top three proposals

from all other participating institutions of higher education. All

projects offered must be collaborative efforts by departments or

colleges. Projects offered by individuals shall not be considered;

and

3. The State Regents for Higher Education shall conduct an

external peer review of the top three proposals submitted by each

institution and may select one or more for funding.

C. Funding shall be from the Funds for Excellence Fund,

created pursuant to Section 4713 of this title.