Oregon Administrative Rules
Chapter 575 - HIGHER EDUCATION COORDINATING COMMISSION, OFFICE OF STUDENT ACCESS AND COMPLETION
Division 60 - PRIVATELY FUNDED AWARD PROGRAMS
Section 575-060-0015 - Administrative Responsibility

(1) For an award program established by the proceeds by an estate, the Commission will establish award criteria in accordance with the conditions specified in the donor's last will and testament.

(2) For a program established by employers for their employees and/or dependents of their employees, the donor and the Commission shall be governed by applicable federal Internal Revenue Service regulations.

(3) The Commission shall faithfully execute the terms of any private award program in accordance with ORS 128.055 to 128.100.

(4) The Commission will not deviate from the requirements of award criteria unless the change is made in accordance with section (5) of this rule.

(5) Unless otherwise provided by the donor, the Commission reserves the right, after approval of the Attorney General, pursuant to his or her charitable supervision responsibilities, to amend an award's eligibility requirements if the Commission and the Attorney General believe that the donor's specific request is being frustrated for any reason. In making an amendment, the Commission will continue to endeavor to carry out the donor's overall general intentions.