Ohio Revised Code § 3333.18 - Reciprocal Contracts With Institutions In Neighboring States For Financial Aid Funds.

The chancellor of higher education may enter into contracts with the appropriate agency in a contiguous state whereby financial aids from the funds of each state may be used by qualified student recipients to attend approved post-secondary educational institutions in the other state. Approved institutions in Ohio are those that are state-assisted or are nonprofit and have received certificates of authorization pursuant to Chapter 1713. of the Revised Code, or are private institutions exempt from regulation under Chapter 3332. of the Revised Code as prescribed in section 3333.046 of the Revised Code. Eligible post-secondary educational institutions in the contiguous state shall be similarly approved by the appropriate agency of that state. In formulating and executing such contracts with a contiguous state, the chancellor shall assure that the total cost to this state approximates the total cost to the contiguous state. Any contract entered into under this section shall be subject to the periodic review of, and approval by, the controlling board.

Amended by 131st General Assembly File No. TBD, HB 64, ยง101.01, eff. 9/29/2015.

Effective Date: 02-20-2002; 2007 HB2 05-15-2007

Section: Previous  3333.161  3333.162  3333.163  3333.164  3333.165  3333.17  3333.171  3333.18  3333.19  3333.20  3333.21  3333.22  3333.23  3333.24  3333.25  Next

Last modified: October 10, 2016