Okla. Stat. tit. 10, § 10-640.3
This is the official text of Okla. Stat. tit. 10, § 10-640.3, part of Oklahoma’s Stat. tit. 10, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 10,." Browse the sections below, each linked to its official government source.
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School readiness foundation
Official statutory text
A. There is hereby authorized the establishment of a not-for-
profit school readiness foundation to raise funds and to assist in
the implementation of the Oklahoma Partnership for School Readiness
Act and the achievement of the goals of the act.
B. Costs to underwrite implementation of the responsibilities
of the Oklahoma Partnership for School Readiness Board may be borne
from revenues of the foundation.
C. The foundation created pursuant to this section may receive
funds from any public or private source to carry out the purposes of
this act, including, but not limited to, gifts or grants from any
department, agency, or instrumentality of the United States or of
this state for any purpose consistent with the provisions of this
act.
D. Upon proper incorporation, the foundation shall secure tax-
exempt status under the appropriate provision of Section 501(c) of
the Internal Revenue Code, 26 U.S.C., Section 501(c).
E. Any member of the foundation who may have a financial
interest in an action under consideration by the foundation shall
abstain from voting on such matter.
profit school readiness foundation to raise funds and to assist in
the implementation of the Oklahoma Partnership for School Readiness
Act and the achievement of the goals of the act.
B. Costs to underwrite implementation of the responsibilities
of the Oklahoma Partnership for School Readiness Board may be borne
from revenues of the foundation.
C. The foundation created pursuant to this section may receive
funds from any public or private source to carry out the purposes of
this act, including, but not limited to, gifts or grants from any
department, agency, or instrumentality of the United States or of
this state for any purpose consistent with the provisions of this
act.
D. Upon proper incorporation, the foundation shall secure tax-
exempt status under the appropriate provision of Section 501(c) of
the Internal Revenue Code, 26 U.S.C., Section 501(c).
E. Any member of the foundation who may have a financial
interest in an action under consideration by the foundation shall
abstain from voting on such matter.
Status: in_force · Read it on the official government site
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