Posted: 01/26/2008 at 3:22pm | IP Logged

One Step Remains Before ORU Gets $62 Million Donation

by April Marciszewsi, Tulsa World

TULSA, OK - The Green family plan, tied to its proposed $62 million donation, is one step closer to becoming the guide for Oral Roberts University’s future. ORU’s board of regents unanimously approved of the final version of the proposal on Tuesday, the college announced Wednesday. That version essentially is the same as the version approved by the board Jan. 14.

ORU is in a second seven-day waiting period while the Green family decides whether to accept or reject the board’s approval of the proposal, according to a news release.  The deal is largely contingent on whether ORU can settle lawsuits -- one of several conditions required by the family’s proposal.

Oral Roberts has just turned 90 years-old.

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