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.
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