(A) Twice each year, assuming available funds, the board shall announce to qualifying Ohio colleges and universities the availability of tier one scholarship commitments. The board shall send by electronic mail an announcement to appropriate college or university academic accountancy personnel, including the following:
(1) The chair of the department of accountancy or equivalent position, and
(2) Faculty in the college or university department of accountancy who wish to be informed of the availability of scholarship funds.
(B) The board shall also maintain a list of Ohio high schools and other organizations that wish to receive information concerning tier one scholarship commitments by electronic mail.
(C) The board must approve any payment from the education assistance fund for necessary expenses related to the education assistance program other than tier one scholarship grants defined in paragraph (D) of rule 4701-17-01 of the Administrative Code, or tier two grants defined in paragraph (E) of rule 4701-17-01 of the Administrative Code.
R.C. 119.032 review dates: 06/07/2010 and 08/22/2015
Promulgated Under: 119.03
Statutory Authority: 4701.26
Rule Amplifies: 4701.26
Prior Effective Dates: 6/2/94, 8/3/98, 1/1/99, 9/23/99, 5/7/03, 1/16/07