Relating to the Oregon Promise program; and declaring an emergency.

Amends Oregon Promise program to remove prohibition on awarding more than $10 million in grants per fiscal year. Makes requirement that person participating in program pay $50 per term in tuition payable by reducing amount of grant awarded, instead of requiring separate payment by person. \tRequires Higher Education Coordinating Commission to determine prior to start of fall term each academic year whether sufficient moneys exist to award grant to each person who qualifies. Permits commission to limit eligibility to receive grant based on expected family contribution. \tPermits commission to decrease total amount of grant awarded or increase amount person must pay for each term person…