1. (1) Each participating institution shall receive an initial annual allocation of program funds determined through the following formula: "annual funds available" multiplied by the quotient of "total full-time equivalent students (FTE) for the most recent fall term of enrollment for a participating institution" divided by "total combined full-time equivalent students enrolled for the same period at all participating institutions".
2. (2) If, after consultation with a participating institution, it appears that allocated program funds will not be expended, the Commission may reallocate all or a portion of that institution's allocation to the other participating institution.

Statutory/Other Authority

SB 81, Sec. 40 - 44, & 128(9) & 1993

Statutes/Other Implemented

ORS 348.427 - 348.433

History

OSAC 1-2015, f. & cert. ef. 12-18-15
SSC 7-1994, f. & cert. ef. 1-25-94